Resistance-breakout-retrace
GVK Power: Will it be 3rd time lucky...Will it breakout...???GVK Power
CMP 21
- The stock is currently at 5 year resistance level
- Sustaining above 21 opens up potential for a move towards 30-33 zone and 40 levels
- RSI though suggests overbought conditions
- so there is an alternative scenario where the stock may see some correction
- and if in that correction the stock manages to hold 16 odd levels then there will be a case to come back stronger and take out the 5 year resistance and head higher
So Plan your trade accordingly...!!!
Take care & safe trading...!!!
Motherson Sumi: Buying OpportunityNice breakout with strong momentum on RSI and above average volume.
Currently near resistance zone 327-329.
Lets see if it gives a buying opportunity on pullback or else the price action above the resistance will decide the entry. Targets are mentioned.
Hit like if this information is useful.
Trade safe
Regards
Bravetotrade
Dabur- Fresh BreakoutFresh breakout of resistance line - Ascending Trending line
Target & SL Explained in the chart
