Broke out but came back from resistance. Next couple of days action to cross the resistance will determine its trajectory, could surprise many, beacause of the breakout.
Soril Infra has been respecting the support resistance angles (Please see arrows). Short term resistance levels are 330, 350. Intermediate term target is 555. Support 255.
Descending angle resistance is at 350 which could be a support and the next strong support is at 318 which is likely to hold. If bullishness returns, target will be 540
As can be seen in the chart, the stock could not cross 1/2 ascending resistance line and came back and trying to cross again. It may take a couple of days to cross it during the period of which stock may seem to consolidate. Once the resistance is crossed decisively, further up move can be seen. In case it is able to cross the line in intermediate term 1228 can be...
SORIL Infra Resources Ltd is an India-based company engaged in the business of equipment renting, light-emitting diode (LED) lighting, management and maintenance services, construction advisory and other related services. The Company operates through four business segments: Facility Maintenance Services, Equipment Renting Services, LED Lighting and Construction, advisory and other related activities. It provides its equipment renting services under the brand name Indiabulls Store One and its rental fleet includes tower cranes, passenger hoists and piling rigs. It operates its LED lighting business under the brand name Ib LED. It manages more than seven million square feet of commercial and residential space. The Company provides advisory services pertaining to identification and acquisition of land, project planning, maintenance and management of completed projects, as well as consultancy and advisory services on engineering and other related technical matters.
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SORILINFRA
