After breaking out of the supply zone (218-262) it went and formed a 1st base of 9 weeks and 25% range and then going further up and formed another base of 11 weeks and 20% range. Volumes are increasing too showing strength.
Now 337-344 shall act as an initial support and though it has not retested the resistance 218-262 which shall now act as main support if...
BUY-TIPS INDUSTRIES
CMP - Rs. 206
Target - 1: Rs. 265
Target - 2: Rs. 345
Target - 3: Rs. 410
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Technicals - Bullish Symmetrical Triangle BO
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This is just a view by an expert analyst, please invest at your own risk.
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NSE:TIPSINDLTD
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