The stock has comeout from boundary box The Stock is seeing volume contraction post that Levels will be known soon
Next Target 1130 Golden cross over happened Still RSI is 60 Wait for to come to low levels and cross 1015 to expect 1130
Golden Cross over confirmed in SMA44+RSI Tested resistance broken Fibonacci retracement shows immediate target of 500
85 to be broken to reach 90 Weekly watch Already in Over bough zone Need to play safe
Study purpose only Est of Monthly 25% with SL of 5% Per week @5% Channel Support is as per expectation
1. Multiple Supports at 600 2. Observe to beat 630 3. Near Target 800 4. Can pick up at channel bottom if falls Booming Sector
Clear Confirmation of Break of Resistance Good Clouds of Health Care Business India being a Medical Tourism Place, Up trend is expected 5% stop loss to evade any negative news post meeting
Indian Railway Sectoral rally Govt Push to Rail Infra Great Way to go ahead.
Supporting Bull Market Govt support to electrification Good Trend to reach 3000 for All time high
Good Volume Better than NIFTY performance Near to 52Week High Invest on next dip
Good Volumes Broken Recent Reistance Inside the Cup Uptrend Booming Railway Stock
This might be a good watch to observe carefully and buy on dips has broken years old resistnace with good volumes already and moving up it may take ample amount of time to rise to level 130 which is equal to its depth
Near 52Week High Crossed Boundary Better Volumes Better than NIFTY
Good Volumes Near 52Week Better than NIFTY Stock Pattern follows regular Boundary Boxes
Near 52Week High Potential to grow to previous high Good volume Move broken previous channel trend reversal
Classic Case of Cup and Handle Up move up to cup width is expected broken with good volume
The Stock has made a clear Cup and Handle Good Volume Break Consolidation completed Expect a upmove from base as much as cup depth
Stock follows the flow of consolidation and boom Good Business case study done by fundooprofessor blog, The valuation is very low with respect to P/E Will observe this for years