Supreme Ind- Multi Year Breakout

15 set 2020

This stock has tested this high thrice already before and as mentioned Chart is of WEEKLY timeframe. Since Jan 2018 this stock is testing this level and returning back but as concept of resistance tells us that once a level is being tested again and again it starts becoming weak combining it with its halt near breakout gives this stock a better scenario and probability of success also increases. So sooner or later once this will break and close above 1430 it should be ready for a good move.

Keep an eye folks.Happy Trading.

Disclaimer : Please trade with your own risk and trade with caution.