On the request of some of the fellow traders I am posting the chart of NRB Bearings. In the daily chart there is an ascending triangle in the making. In terms of base the stock has a strong support at 31. The stock is all set to breakout of 34 area which will push the stock to 39 levels where there is a lot of resistance, Hence one should add the stock with stop at 31 and those with not so long term view can exit the counter around 39 levels.
No comments:
Post a Comment