SULA CMP: 523.10 ; RSI : 40.16
Sula Wineyard Script has corrected upto 25% from its 52W high of Rs 694.15; after the FII promotor exit. Script has corrected for a while and shown the Falling Wedge patten (Contracting), a bullish pattern, Big time support is placed at Rs 485;
Script will rebounce once it crosses Rs: 570 on closing basis. Script should be accumulated at every dip between 490-517.
Stop loss: 485
Target: 615-640-685-744
Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance
Sula Wineyard Script has corrected upto 25% from its 52W high of Rs 694.15; after the FII promotor exit. Script has corrected for a while and shown the Falling Wedge patten (Contracting), a bullish pattern, Big time support is placed at Rs 485;
Script will rebounce once it crosses Rs: 570 on closing basis. Script should be accumulated at every dip between 490-517.
Stop loss: 485
Target: 615-640-685-744
Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance
Trade active:
SULA CMP: 553.85 ; RSI : 40.14,
Script has shown resiliance in last few trading session and gone pass 570 mark (thrice), beacuse of the turnmoil in global politics. it has suffered the stiff resitance to hold above the 570 level. Any next move above 570 will be decisive for the script.
Script has shown resiliance in last few trading session and gone pass 570 mark (thrice), beacuse of the turnmoil in global politics. it has suffered the stiff resitance to hold above the 570 level. Any next move above 570 will be decisive for the script.