Cup & Handle Breakout with good volume. Stock can go as marked on the chart Technicals —Bullish Crossover —Above 20 EMA —Higher High breakout —RSI 71 Fundamental Stock P/E 44.2 ROCE 26.8% ROE 21.0 % Market Cap ₹38,226Cr. educational purpose only!✨ Do your research before making any investment🥂
=Took Support From trendline =Head and Shoulder pattern breakout (H&S)with high volume =Price consolidated at 200 EMA before neckline of H&S pattern =monthly close above resistance
This is about positional trade opportunity (monthly or weekly) in Supreme Industries (a leader in plastic products sector). As can be seen in monthly or weekly charts, 1476 level is acting as a multi-year resistance and the stock price has again come near that level. It has tested that level multiple times, hence chances of its breaking are high. If the stock...