Technical overbought: Supreme Ind. Share price 1182. Target 1160. SL 1205.
Stock will slowly move down towards 1160-1140 in 2 sessions.
Stock can even correct towards 1080 in a week.
Stock has rallied 27% in last 3 weeks and looks overbought.
Being bullish stock will take good support at 1160-1140 and 1120.
I am Admin, Gale.in. I am into investing and trading for last 7 years. I love sharing my knowledge and to educate people. I write articles regarding stock market to enlighten people about stock market and also share stock ideas at Gale.in to ensure retail investors of decent profits. You can contact me at firstname.lastname@example.org for stock queries. Have a wonderful time at Gale.in.