PriceActionSpotter

SURYA ROSHNI TRENDLINE + 30 WEEK EMA SUPPORT

Long
PriceActionSpotter Mis à jour   
NSE:SURYAROSNI   SURYA ROSHNI
SURYAROSNI is standing on its 1 year old trendline from which it has taken support 7 times.
It has now taken its 8th support and looks like a good buy from here.

The trendline was broken once but the bears wear trapped and the stock quickly climbed back.

More buying can take place if stock gives breakout from the marked rectangle region, at price of 690-710 levels. From there it can test it's all time high of 860-870 levels.

If stock sustains above all time high, it can be a good buy and hold.
Ordre annulé:
Update: No trade executed as price didn't breakout from rectangle region.
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.