A triangle is a clear cut indication of consolidation followed by a breakout. A BIG BREAKOUT...........
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and...
Elantas Beck India L is involved in the business activities of Manufacture of paints and varnishes, enamels or lacquers.
The Stock is likely to breakout its resistance. RSI is perfectly placed at 65 on weekly charts indicating that its not in overbought zone.
The most attractive thing about this stock is its Fundamentals. The Company has been reporting...
#ELANTAS WEEKLY CHART VIEW
Elantas Beck India Ltd. The stock price started the week with marginal negativity but til the end its managed to hold the same position with small bounce .
2350-2335-2300-2280 are should consider as immediate resistances where 2465-2520 are resistances.
Stock moved up from recent low's.
Not a popular name but strong MNC company.
Stock is about to complete Classic cup and handle pattern on charts.
One can start accumulating right now and buy rest of the quantity above 0.68Fib level closing.
Breakout zone mentioned on charts.
Closing above breakout level might trigger good amount of buying.
Can not time this stocks...
