Prestige Estate Outlook: A Long term resistance break and close above at that level 285 as per current chart it can go up to 320 level with possible stop-280 level .
The stock has set itself out for extremely good levels. Will require patience and buy and hold strategy on it! A huge Cup and Handle break out usually take at times more than expected patience but pay off handsomely in the long run! Trailing SL of 267 on closing basis.
Another stock that showed up in weekend scan.
I'll be keen if price sustains above 220-225 zones. Can be an interesting play there.
A long here with SL below last week's low can be considered. Will review during the week.
Weekly chart observation of NSE:PRESTIGE shows potential of upside. It broke the trend line with two strong green candles. Long shot but will give a good return in some months. ChandeMO also supporting positive.
Regards
Bibin
