Have a close look at Tantia Constructions if it can close above 125 with good surge in volume, then it is a sure shot buy. The Triange law suggests the upside is minimum of 160.
So all of you catch this only after a close of 125.
Moreover the company is fundamentally very very strong. Very very good order book and Good past performance. Above all there is least competition for this company, which operates mostly in the north-east india.
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Tantia constructions is making HIGHER LOWS SINCE mid of january. It has very less volumes, practically it almost nil. It is making a DESCENDING RIGHT ANGLE TRIANGLE FORMATION, WHICH HAS ALL PROBABILITY OF DOWN WARD BREAK OUT ONLY.
I fear that the main criteria of SHRINKAGE OF VOLUME from high to low, during the formation of any type of triangle, is missing.. According to me the stock finds only a strong support at 107.10 levels.
Ofcourse kiran kumar ji, these are my own views, of interpreting the charts. Thanks a lot for sharing your ideas. Keep posting. Take care
The stock doesnt appear heading for a breakout on the charts. It has some resistance around 128. Also it has been unable to remain above its 50 DMA around 130 for past many sessions while remaining sideways. Unless it crosses 130 anything above that looks far away. However it is taking support at 100 DMA so if there is some positive trigger might get the right push.
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