Short Term Trading Opportunity in CIE Automative for 15% UpsideHi,
NSE:CIEINDIA has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on daily, weekly and Monthly time frames. RSI is also on the bullish side on daily and weekly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss on Daily Closing basis and targets mentioned on the charts for educational purpose.
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Cieautomotive
Approaching resistance area after 6 years#MAHINDCIE
Mahindra CIE auto
Approaching a strong resistance area.
Close above 300 will be a strong signal to go long.
As 300 is a very strong resistance from past 6 years and stock has tested it 4 time Already.
If it breaks out with strong volumes.it will trigger a wonderful momentum.
Keep and eye.!!!
Do your own analysis!
#vr