Yesterday it was the fourth attempt by the stock to breakout on the upside but it seems 225-226 is a very huge resistance for the stock due to multiple tops. Buy BOC India if it sustains above 225-226 with a stop loss of 218 and look for targets of 245/250 in short term.
Stock View: Ackruti
What a perfect downward sloping channel !!!. The stock has been consolidating since last 8-9 months after a big fall and is likely to breakout if it breaks this very important red resistance line. The stock also need to have huge vols when it breaksout. Buy Ackruti only if it sustains above 560 for quick targets of 590/620 with a stoploss of 530.
Have a nice trading day
Regards
Ankit
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