ADOR FONTECH: Stock is consolidating from last 1 yr at resistance level. Seems good time to take entry before rally start. can give good return in mid to long term period. keep SL around 62 level on weekly closing basis.
Price out from 11 years Range .
Sector - Capital Goods
Industry - Electrodes
When price break the symmetrical Triangle upper boundary and sustain above it then high probability price continue the trend .
2 scenarios here, either wise we shoudl be ready for the mr.market to lead us where to make entry on this setup..
this post is in addition to the previously mentioned reaccumualtion thats ongoing in this scrip in the apst 4 years...
here is the reference to the idea..
disclaimer... not an investing/trading recommendation
