Only for educational purpose.Not a recommendation . No big movement is expecting.
Stock from power sector . Fundamentals are also moderate with fair momentum. Immediete resistance @255 and support @ 227 . No high movement expected .10-20 points can be moved from here in a 6 month run.
Stock from power sector . Fundamentals are also moderate with fair momentum. Immediete resistance @255 and support @ 227 . No high movement expected .10-20 points can be moved from here in a 6 month run.
Trade active:
Idea Revised
Broken the immediate resistance with high volume. Now trying to break the 10 month long channel resistance .If it breaks and bounce over from the line then it crosses the 300 mark shortly
Broken the immediate resistance with high volume. Now trying to break the 10 month long channel resistance .If it breaks and bounce over from the line then it crosses the 300 mark shortly
Trade active:
Now a small cup & handle formation is seen in the charts with good price volume deal. The stock also surpassed its long term resistance line. Now trying to break 10 months band and its 10 month old parallel channel.If this price volume movement repeats , definitely it will move a 100 points more within a short time span.
