ELGIEQUIP
Facing resistance near 300 level.
Above 305 on closing basis looks good for 330, 340, & 350. Below 270 Negates the view.
From past couple of weeks stock is not falling and slowly inching higher which gives higher probability of breaking upside.
Stock has also formed ascending triangle pattern.
Above 305 on closing basis looks good for 330, 340, & 350. Below 270 Negates the view.
From past couple of weeks stock is not falling and slowly inching higher which gives higher probability of breaking upside.
Stock has also formed ascending triangle pattern.
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