STCINDIA - Weekly Chart Analysis, CMP-153.65
After breaking the confluence of the down trend line as well as the resistance levels 95-109 it had formed a base of 17Weeks and 37% range where it retested the resistance which turned into a support. We see a good volumes coming up over the past few weeks showing strength.
It is now above all its key moving averages.
135-143 shall now act as an initial support and if it closes below these levels and sustains on a weekly basis then our view gets negated.
214 - 282 - 317 are the possible levels it can test in the long term.
Disclaimer: This is just a study and shared here for educational purpose. It is not a buy/sell recommendation in any way. If you intend to trade this counter then do your own due diligence and trade at your own risk.
It is now above all its key moving averages.
135-143 shall now act as an initial support and if it closes below these levels and sustains on a weekly basis then our view gets negated.
214 - 282 - 317 are the possible levels it can test in the long term.
Disclaimer: This is just a study and shared here for educational purpose. It is not a buy/sell recommendation in any way. If you intend to trade this counter then do your own due diligence and trade at your own risk.