Surya roshni stock formed good Cup pattern and consolidated for a while and given a good breakout with decent volume, potential target would be 900 , this is not a buy recommendation . ONLY FOR EDUCATIONAL PURPOSE
All levels drawn on chart.
111 is the major support and 122.5 is the resistance - can zoom out and see the Fib retracement levels.
Go Long at 117 for 118.5, 120.5, 122.5 with SL at 114.5
(For the Morning Star hypothesis to be true, it should gap up and open in 116-117 if not higher)
Short below 114.5 for 113, 111 with SL at 115.5 for the...
Stock has broken Weekly Resistance. Had nice impulse move on Daily chart. Stock is on important ichimoku turn date, Price action confirms the same. Don't Rush and Buy this at CMP 262, wait for Retracement towards Zone 246_229
Look to enter Positional only between 246_229, Impulsive move lasted for approx 70 INR, expect same harmonic movement from this Buy Zone to...