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Tuesday, 20 March 2018

Prakash Ind Trend Analysis - Short to Medium Term


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 .

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