Sutlej Textiles: Nice Consolidation, Awaiting Breakout

Panjang

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...

Komen:

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.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.