Uptrend is clearly intact in SUPREMEIND.
We see some Long unwinding at higher levels.
But the candles clearly indicate that the selling pressure is weak.
Also, we see lot of Low rejection candles around 1,400 levels.
This indicates buying support for the stock at this level.
Also, now the stocks is nicely resting on a neat trend line.
All these indicate that the stock is still bullish.
It is possible for Supremeind to to go up till 1,500 / 1,550 levels in short term.
We see some Long unwinding at higher levels.
But the candles clearly indicate that the selling pressure is weak.
Also, we see lot of Low rejection candles around 1,400 levels.
This indicates buying support for the stock at this level.
Also, now the stocks is nicely resting on a neat trend line.
All these indicate that the stock is still bullish.
It is possible for Supremeind to to go up till 1,500 / 1,550 levels in short term.