#SUNTECK ..Realty sector is exploding .. watch here for breakoutPrice is consolidating in a range .. Upon a good breakout a decent RR is possible.. Watch for breakout in the coming weeks.
See the chart for details
SUNTECK
SUNTECK Reality - CMP: 272The stock has given a sloping channel breakout on the daily chart. Price has fallen from its high of 394 and has taken support at Demand Zone and given up move. RSI also moved from the oversold zone. We can expect price movement up to 300 to 320 in the near term.
SUNTECK1) PA - Channel/Trendline breakout from bottom
2) Daily MACD Bullish
3) RSI > 60
4) DMI/ADX turning up
5) Reality Sector is bullish
6) According to FII Investment data FII and pumping money in Reality Sector
Sunteck Reality May 14 FridayLevels are on the chart, extracted by Harmonic pattern.
If you have doubts feel free to ask in the comment section.
Trade Wisely and Smartly.
CNX Realty1) Double bottom with negative divergence on a downtrend
2) sector has been negatively impacted due to rera for last 1 year
3) News - DSP MF buying Oberoi, Sunteck and Prestige in last few months
4) Risk - Home interest likely to be volatile due to currency and oil prices
