NSE:SUTLEJTEX cmp 71 ready for a big move The objective of this analysis is knowledge sharing and education. There isn't any buy or sell advise in this article. Every stock is held for a short to medium amount of time and is positional. It is expected of each person to carry out independent research and evaluation to ascertain whether my perspective is...
I daily make educational content videos for swing / positional trading
A "Symmetrical Continuation Triangle (Bullish)" chart pattern formed on Sutlej Textiles and Industries Ltd ( NSE:SUTLEJTEX ). This bullish signal indicates that the stock price may rise from the close of 59.77 to the range of 69.00 - 72.00. The pattern formed over 36 days which is roughly the period of time in which the target price range may be achieved,...
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.
SUTLEJTEX - Very Good Volume - Closed Resistance - Above 64.3 Educational purpose only
SUTLEJTEX trend analysis details see u my chart 1.
Positional Trade: Sutlej textiles breaks out of a resistance. CMP: 61.35 Target: Open Stop Loss: 58
Volatility contracting from left to right. Buy Range: CMP SL: 8% max Target: 30%
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...