Prakash Ind Trend Analysis - Short to Medium Term

by Chanakya Teja on Tuesday, March 20, 2018 in Mid-Term, TA - Trend Analysis

PRAKASHIND

Trading in Channel.

Downward momentum reducing gradually, which is good thing.

Demand Zone near 140-150.

Shouldn't break Min. support, if at all, max. support.

RSI Breakout can keep in watch.

A positive breakout of Upper trend line from Demand zone is VERY bullish .

Immediate support @165, closing below this level, we can see the stock heading to demand zone .