BHARATFORG

breakout from the consolidation phase

Breakout from the consolidation phase And trading above 200 moving average After a short uptrend the stock price of

started consolidating between the range of 1220 and 1280 And yesterday approximately after 3 weeks the stock price of has given its closing above 200 moving average And also above the important resistance level of 1280 Now the further rise in stock price may be seen And level of 1280 and 200 moving average will now act as an important support level As support and resistance are interchangeable once broken 200 moving average acts as an important support and resistance level The stock price may move towards the level of 1360