S kumars stock has almost doubled since january & still have got some potential left to touch its 200 dma. The stock is currently trading at 34-34.5 range. it has formed a strong trendline support at 31.5.
one positive point is 50dma & 100 dma line convergence seems like a bullish trend. the stock is trading in a descending triangle. if market stays bullish then there is high probability of the stock to touch its 200 dma (around 41 level)
buy this stock if closes above 35 for the target 39.2 & 41 SL 31.5 (closing basis)
one positive point is 50dma & 100 dma line convergence seems like a bullish trend. the stock is trading in a descending triangle. if market stays bullish then there is high probability of the stock to touch its 200 dma (around 41 level)
buy this stock if closes above 35 for the target 39.2 & 41 SL 31.5 (closing basis)
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