[Premium] Trade Of The Week
October 10, 2021
Suprajit Engineering has moved past a crucial level in the week gone by. The price broke out of a five-year base and has absorbed all the overhead supply at the level of 348. This is the same level where small caps and risk-on indicators rolled over, initiating a long drawn underperformance in the Mid- and Small-cap stocks.
The indicator is close to the bullish momentum territory and is catching up. With this base breakout, the price looks ready for the next leg of the rally.
We are bullish above the level of 348, with a target near 500.
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Allstarcharts Team