Technical view by Nooresh

Future Retail Limited ( FRL ) – Consolidating in a triangle. Big Move possible.

FRL - nooresh


FRL  ( Earlier Pantaloon )– The stock has been in a sideways to downtrend for quite a few months now. Last 3-4 sessions we are seeing good volumes and the stock testing the trendline resistance levels.

Expect the stock to see a sharp move to 90-95 in coming days possibly.

Stoploss is a bit deep at 74 so accordingly one needs to allocate as per risk.


Disclosure: Recommended a long at 76-77 few days back.

Article by Nooresh Merani

Nooresh has written 2531 articles.

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