GRASIM Industries showing a recovering trend post covid-19 setback. One of the leading textile manufacturer , global player in chemical producer and largest cement producer company; also provides finance services. The graph seems to be bullish. Go LONG.
CONCOR India, the largest logistic provider company in India that gives services like cargo carrier, terminal operation and warehouse operation. Almost all the Indian rail container traffic is handled by CONCOR. New prime ports connections established in June. Along with Indian gov., under FII, it has potential international investors too. The Gov. of India...
The symmetrical triangle formed is likely to give a breakout by next month. It is ideally a 50-50 scenario of breaking upwards or downwards. This week (20th July,2020 onwards) ,expect a rise up to the rejection line. Upcoming 2-3 weeks a slight fall. Then the breakout. Considering the lockdown situation, the decreased sale might lead to a breakdown in the...
SBIN has been forming a rising channel that has been falling as it is touching the rectangle. That box is acting as a supply zone. Multiple times the prices have touched the box. This time, it should give a breakout. Going Long would be profitable.