SUPREMEIND trade ideas
Supreme Industry - Support n resistance Supreme Industry
Blue line buy n sell zone
Red line stop loss and resistance
Trend is in side-by-side, hence to follow support n resistance.
inverted head &shouldersupremeind make inverted head & sholder paatern on daily chart also forming a double bottom on broader chart so once chart trade above 1146 then we see a rally till1170/1210 in coming days but strictly follow the stoploss of 1115 ..( cmp 1144).. .
note : this is my personal view .
Monthly downtrendThe demand zone lies between 897/730 for supreme industries. A great quality business which can act a parking space for some money if markets go bearish . The stock has fallen a lot this month however the volumes are merely half of the previous month, this indicates that there isnt some serious selling by the big players. Can look at accumulating this stock if it shows support and buying interest
Buy Supreme IndSupreme Ind takes support at 200 SMA and old trendline + Shows Bullish divergence BUY at 1192 for target of 1265 SL 1155
Entering the Breakout at Pullback!Supreme Industries has closed above 3 month High . it has Broken the channel and will look for pullback near 1200-1210..which will remain our entry zone . Targets shall be 1228-1238-1248 with Stop loss at 1185.
SUPREMEIND:1172 Res:1215 Stop:1162Supreme Industries Ltd is about to give another breakout,
is a very good bullish stock, currently trading at 38 PE,
but looks very attractive even at this level.
