sabyasachi_nath

Holding support

Long
NSE:WATERBASE   WATERBASE
After making high on 14th Dec., when it tried to cross descending resistance, came back and is consolidating for the last 15 days on a strong turf holding support line. From 8th January it may try to break out, try to cross 138. It is likely to overcome the resistance latest by 11th February and then attempt to cross 150 by April 2021, but that is the story that will later emerge. For now, we will concentrate for 8th January to see if it comes out unscathed.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.