THERMAX LTDLong
*Positiional View* Took Support on Trendline Resistance Good R/R
This Stocks is in Uptrend in all Major time Frame Like Weekly and Daily .
Tested several times on Trendline Resistance and finally it broke resistance but failed to sustain above that Level .
Now, the current scenario is it took support on Trendline Resistance and if it sustain above that Trendline . You will be able to see this stock go 1800-1900 in 4-5 months time period .
Positional View : Thermax
52 weeks High : 1550
CMP : 1429
Industry : Heavy Electricals Equipment.
Similer Stocks in same industry BHEL, Powerindia, Swsolar.
Holding period probably 3 to 6 months
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Tested several times on Trendline Resistance and finally it broke resistance but failed to sustain above that Level .
Now, the current scenario is it took support on Trendline Resistance and if it sustain above that Trendline . You will be able to see this stock go 1800-1900 in 4-5 months time period .
Positional View : Thermax
52 weeks High : 1550
CMP : 1429
Industry : Heavy Electricals Equipment.
Similer Stocks in same industry BHEL, Powerindia, Swsolar.
Holding period probably 3 to 6 months
Please share your View about this stock in comment Section and please like it if you find it useful.
Follow for more
Thank you
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