September 10, 2022September 10, 2022 0 Comments
Rectangle Pattern Breakout in Brigade Enterprises.
Technical View:
The stock has given breakout of rectangle pattern breakout after consolidating in the range of 400-540 from last 10 months.
One can take entry at the retrenchment level of 540-550 for the upside level of 650-670, keep stop below 540.
Logic:
1. Nifty Realty index is the strongest sector and brigade is the strongest among them.
2. Housing and infrastructure push by government of India.
Business Overview:
Brigade Enterprises Ltd is a real estate developer in South India, based in Bengaluru. It has completed over 250 buildings aggregating to over 70 mn. sqft of developed space in residential, offices, retail, and hospitality sectors across Bengaluru and Mysuru, Chennai, Ahmedabad, Hyderabad, Kochi.
