however, one might get chance to come out of it around 208, 175, 141...
Disclaimer:I am NOT SEBI registered, Just trying to learn to predict share price movement. THE CHARTS PRODUCED HERE ARE FOR MY PERSONAL REFERENCE ONLY AND THEY ARE NOT ANY BUY OR SELL RECOMMENDATIONS. Kindly consult your investment advisor and family members before investing.
The stock has crossed major resistance today. If it sustains the current level, with an intermediate resistance around 375, the stock seems to be heading for a level of 560. But the interim resistance levels are required to be watched out for any weakness.
Sadhana Nitrochem has the strongest of the support of ascending angle 1/1 at 304, which will ensure that the stock will bounce back from this level, if it happens to fall to that level. It is hoped that the consolidation will be complete in next seven trading days, if not earlier.