30 May , 2021 By : Priyanka Dutta
In our recent stock talk forum with Hardik Shah, he has affirmed his positive buying views on CCL Products India Ltd. He has recommended for long position on the stock above the range of 370 for a short to mid term targets of 400-420 levels.
On Hourly Charts after more than 9 weeks breakout came from channel formation.After breakout next day stock retested that breakout zone again and still sustaining above Channel Support.
On weekly charts stock gave breakout of flag pattern already and strong momentum going onward.
The stock also gave breakout after 42 months on the weekly chart pattern. After that breakout stock sustained and retested breakout zone 3 times and again gave breakout on charts.
Stock was in continuous uptrend from 2014. After one way upside stock was in narrow range from more than 40 months. Now stock gave breakout of monthly charts also and near to life high.
Hardik Shah continues to recommend buy on CCL Products on his social medial telegram handle "Maahir In Stocks" with a stop loss of 340 on charts.
1 Comment
Raj Misrhra892021-06-03
Good technical analysis... Appreciated GrowMudra and Hardik bhai...
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