This scrip forming a flag pattern and is expected to break it. So traders keep on your radar to catch the momentum.
GO LONG AT CMP. MAINTAIN STRICT SL BASED ON YOUR RISK-REWARD.
Profit making turn around company. positive trend
It has given Wedge breakout on the daily chart. All oscillators are in positive bios. We can expect price movement up to 50 in near terms.
ABOVE 36.40 Not for suggestion only for educational purpose
Stock has broken the previous resistance levels and is trading at all time high.So we will enter around 31-32 with our target and stoploss.
* Breakout of inverted head & shoulder pattern with high volume in daily chart .
Good consolidation near a breakout level!
Support is at at 26.40 and resistance is at 30.35. Once 30.35 is crossed, the next resistance will come into play but let it cross 30.35 first.
A possibility of multi year breakout. a small cap company so trade with caution. Trade with SL at 27. Good Risk Reward.
You can enter now or wait for one or two more candles to confirm the trend. Challenging Ranges : Close to Rs. 75-80 If crossed it can touch : Rs. 140 Trend Breaker (SL) : Rs. 40
Sarla Poly available at break out retest level.