SUTLEJ TEXTILES has given a STRONG CLOSE at 88.15.
Can move to 95.8 (WEEKLY RESISTANCE LINE) once CROSSES recent 52 WEEK HIGH of 92.5
Details are in chart.
- Very Good Volume
- Closed Resistance
- Above 64.3
Educational purpose only
SUTLEJTEX trend analysis details see u my chart
Positional Trade: Sutlej textiles breaks out of a resistance.
Stop Loss: 58
Volatility contracting from left to right.
Buy Range: CMP
SL: 8% max
Stock has been in a major uptrend and has been in a consolidation off-late. Watching this one for breakout signals. Would be keen to buy this...