SURYA ROSHNI TRENDLINE + 30 WEEK EMA SUPPORT

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.

Orden cancelada:

Update: No trade executed as price didn't breakout from rectangle region.