PRAKASH INDUSTRIES is heading towards a resistance zone on the weekly charts near 65-68. A break-out above this zone, will be interesting candidate for long.
For now, watch mode.
Above the resistance zone, will initiate longs.
Comentário
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With today's open, price seems to be breaking out above 65-68 zone. A weekly close above this zone can be a trend changer for the stock.
Long above 68 (on close) SL last week low.
Trade ativo
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Stock is closing above previous weekly swing highs. It's a break-out on longer Timeframe charts. Expect more upside in the next few weeks.