Electronics Mart India cmp 157.90 by Daily Chart viewElectronics Mart India cmp 157.90 by Daily Chart view
- Support Zone 135 to 147 Price Band
- Resistance Zone 165 to 178 Price Band
- Falling Resistance Trendlines Breakout seem sustained
- Volumes surging heavily above avg traded qty over past few days
- Bullish Triple Bottom with considerate Cup & Handle around Support Zone
- Support Zone price band is under testing retesting phase over the past 2 weeks
EMIL
EMIL: RRR- R(un) R(est) R(un) modeAfter running for 305% in 1.25 years, EMIL is in consolidation phase for another 1 year. Reached the box bottom now and completed the 0.5 Fib retracement. Can go to the box top slowly as no bullish pattern is found so far. Can see a good upmove once the box breakout is done. So fresh entries are avoided if there is a plan for short term entry.
ELECTRONICS MART INDIA LONG CONSOLIDATION BREAKOUT POSSIBLEEMIL shown tremendous strength from IPO LISTING TO 250 LEVELS.
THIS RETAIL GIANT IS AGAIN READY FOR BIG TARGETS
Recently promoter sold stake & SBI Mutual
Fund bought maximum of stake sold by them.
It is in Long consolidation with tight base formation heading towards new highs.



