Greenply Industries broken out of Rs 175 resistance: ULJK

MUMBAI: Praveen Kumar, technical analyst, ULJK Securities is of the view that Greenply Industries has broken out of its resistance levels of Rs 175 and is headed towards Rs 200-220 levels.

“Huge volume accumulation is being witnessed in this counter since the last four trading sessions. With the price movement of almost Rs 50 there is great hype for this stock in market. Technically this stock has broken its resistance level of Rs 175 and heading towards Rs 200 and Rs 220 levels. Any dip on this stock should be utilized as a buying opportunity,” he said.