Oswal Greentech cmp 48 by Monthly Chart view
- Support Zone at 41 to 44 Price Band
- Weekly basis : Support at 35 > 24 > 14 with the Resistance at 55 > 67 > 79
- Multiple Bullish Technical patterns completed, creating huge upside breakout on stock counter
- Rounding Bottoms
- Sliding Head and Shoulders
- Cup and Handle in the past years
A fundamentally weak company, but the promoters are still intact with their position. The share will move towards its recent high of 35 Rs. around. Those who are stuck may take an exit. A new entry is strictly prohibited if you don't trade penny stocks.
Analysis:-
Currently @26.75
Cup and Handle pattern formation
Black lines are resistance.
Green is immediate...
Flag Formation
Buy Motilal Oswal Above 842
SL - 759 (WCB)
Target - 1100
What an outstanding setup. Stock broken 200 days moving average few weeks back that with long candle and with big volumes. And now price is above 200 DMA and making a flag formation. Perfect flag.
