Strong breakout and a retest is on going previously 111 levels acted as a strong resistance and now it is broken and is acting like a support 50EMA support on daily TF 0.61% Fibonacci support
ALL TIME HIGH !! The stock price breached 'all the high' mark. The momentum seems to be strong. We can see a potential up move in SAINT GOBAIN . Reasons are stated below : Daily candle closed above all the high. Price broke out after a consolidation phase of 4months. Formed a marabozu candle on weekly timeframe. Price is above 50 and 200EMA. ...
the counter needs to close above 112 to start its run. the VCP formation is almost done.
BSE:SAINTGOBAIN clearly given a breakout from the supply zone. As it gave a strong close from the supply zone, one can target the over head supply zone now.