SAINT-GOBAIN SEKURIT BREAKOUT

SAINTGOBAIN has given a breakout from its 1.5 years old trend line and CMP is running very close to the all time high made by the stock 3 years back.

Stock may consolidate further at these levels before testing virgin territory.
There is also a larger trend line where the stock could potentially face rejection after charting towards virgin territory.

Near term targets are 90-95. If the stock sustains above psychological level of 100, it could be a big winner.

Kommentera:

UPDATE: Price is facing some rejection at 100 levels. Exit half your position and enter again after price cross 110 and retraces.