*Positiional View* Took Support on Trendline Resistance Good R/R

This Stocks is in Uptrend in all Major time Frame Like Weekly and Daily .

Tested several times on Trendline Resistance and finally it broke resistance but failed to sustain above that Level .

Now, the current scenario is it took support on Trendline Resistance and if it sustain above that Trendline . You will be able to see this stock go 1800-1900 in 4-5 months time period .

Positional View : Thermax

52 weeks High : 1550
CMP : 1429

Industry : Heavy Electricals Equipment.

Similer Stocks in same industry BHEL, Powerindia, Swsolar.

Holding period probably 3 to 6 months

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