SUNTECK had a flag breakout, it is about to retest ~367, and zoom into target of ~410 where too much resistance could be seen. Eventually using the pole length it should reach ~480.
PS: I am a self learner. Don't invest seeing my idea w/o doing your own study.
Stock Name - Sunteck Realty Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness and
More strength will be visible above 484.
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand...
Be Cautious Head and Shoulders pattern (trend reversal) at #SUNTECK weekly chart.
The head and shoulders pattern is believed to be one of the most reliable trend reversal patterns. It is one of several top patterns that signal, with varying degrees of accuracy, that an upward trend is nearing its end.
Stock seems to be changing trend(Head and Shoulders...
Sunteck has made its top during August 2018 and tried to give a breakout in 2019 but it failed and started to consolidate but during the first wave of covid it fell along with the market. Again following the market it started rising to its previous resistance in oct 2021 and this time also, it failed to break above but this week, it has successfully broken out the...
DISCLOSURE
This is only for educational purpose
This is not a recommendation
I am not SEBI registered
Do not TRADE/INVEST basis what I publish here
I am not responsible for your loss or gain
It is prudent to assume that I have ulterior motives in publish this
I and my clients might or might not have a position, I and my clients might or might not have a opposite position
