Sutlej Textiles: Nice Consolidation, Awaiting Breakout

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SUTLEJ TEXTILES (NSE:SUTLEJTEX)

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NSE:SUTLEJTEX SUTLEJ TEXTILES

trendanalysis sutlejtextiles wyckoff breakout

Stock has been in a major uptrend and has been in a consolidation off-late. Watching this one for breakout signals. Would be keen to buy this...

Commentaire:

Not the kind of price action I wanted to see. After a strong close yesterday, price has gotten back into the trading range today (July 20, 2017). I am no longer as bullish as i was yesterday. Have exited my positions for a nominal loss and waiting for more constructive piece of price action before buying it again.

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