Shriram Pistons 7.4Y BaseBigger the base, Bigger the target. H&S negated. Disclosure: Invested. Position increasedLongby narayklnUpdated 3
Shriram Piston price actionShriram Piston price action:- It forms CUP & Handle pattern. It has neck line of near 1500 as per chart. It was given retest move and reversal from of this pattern. It may test 2800 soon hold with patience. As per fundamental, it is undervalued stocks.Longby tradetechnicalanalystUpdated 1
Shriram PistonAs per Elliott Wave this stock is running into 5th wave. 2700 is the target if we see 1=5. Overall cup and handle would also make sense! but after it surpasses 2700.Longby Prasannna118
Shriram Piston - very good companyA fundamentally strong company with cheap valuations .. This company had given a superb bounce in current market sitation.. Risk Reward is too favourable..Longby KushalAgrawal0
Long Term Investment Idea in Piston Making CompanyHello Everyone, i hope you all will be doing good in your Life and Trading as well. Today i have brought an investment idea for long term on Auto component making company, which is primarily engaged in the manufacturing of pistons, piston pins, piston rings and engine valves for various automotive companies in the domestic and export markets. The company's product portfolio includes a broad range of Pistons, Piston Pins, Piston Rings, Engine Valves and Cylinder Liners. The company's product portfolio includes a broad range of Pistons, Piston Pins, Piston Rings, Engine Valves and Cylinder Liners. The Co.’s customer base includes most of the OEMs in India like Maruti, Mahindra, Honda, Ford, Nissan, Tata, Bajaj, Hero, TVS, Yamaha, Ashok Leyland, Daimler, VE Commercial, Swaraj, and various others. It also caters to global OEMs, namely Jaguar, Land Rover, JCB, BMW Motorrad, Volkswagen, Rotax, ZF Wabco, Yanmar, etc. The Co. has 3 manufacturing plants located across Uttar Pradesh and Rajasthan. Assembly units are located at Gurugram, Pune, Hosur, Becharji (Gujarat) and Sahibabad. The Co. has various technical collaborations in different areas with KS Kolbenschmidt GmbH, Germany; Honda Foundry Co. Ltd, Japan; Riken Corporation, Japan and Fuji Oozx Inc, Japan. Company is totally good as Technically and Fundamentally with good management. Stock has given Multi Year breakout with good Volume. there is higher probability, we can see follow through momentum. Market Cap ₹ 7,884 Cr. Current Price ₹ 1,790 High / Low ₹ 1,790 / 491 Stock P/E 19.1 Book Value ₹ 394 Dividend Yield 0.28 % ROCE 24.7 % ROE 20.8 % Face Value ₹ 10.0 Industry PE 33.3 Debt ₹ 333 Cr. EPS ₹ 94.0 Promoter holding 46.8 % Intrinsic Value ₹ 1,208 Pledged percentage 0.00 % EVEBITDA 11.0 Change in Prom Hold 0.00 % Profit Var 5Yrs 16.0 % Sales growth 5Years 8.57 % Return over 5years 28.7 % Debt to equity 0.19 Net profit ₹ 414 Cr. ROE 5Yr 13.1 % Profit growth 63.2 % Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.Longby TraderRahulPal25
Shriram Pistons & Rings Limited Trading IdeaAB=CD Pattern Recognition and Trading, AB wave with retracement c wave to 0.618%, D wave may extend upto 1.618% of fibonacci levels Longby Purna1
shriram piston -long price has retraced to 200 day EMA volume and price surge crossing the 18 and 50 day EMA SL and target marked Longby FrankzMDUpdated 2
Shriram Pistons & Rings Limited - Long Setup, Move is ON...#SHRIPISTON trading above Resistance of 1210.50 Next Resistance is at 2282 Support is at 842 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.Longby MandeepSinghKohli115
"SHRIPISTON: Navigating Opportunity with Caution"Description: 📈 SHRIPISTON: A Careful Approach to Potential Gains! 🚀 Discover an opportunity with SHRIPISTON, a stock that requires a cautious strategy due to its unique characteristics. Here's why this trade deserves your attention: Key Points: 📊 Entry Price (in Rupees): Consider entering the trade at Rs 1100, positioning yourself for potential gains as SHRIPISTON unfolds. ❌ Stop Loss (in Rupees): Protect your investment with a stop loss at Rs 890. This level acts as a crucial safety net in case the trade doesn't go as planned. 🎯 Target Price (in Rupees): Our target is set at Rs 1700, representing a significant potential upside. This is where you may contemplate taking profits. 🕒 Trade Duration: Plan to hold this trade for 45 to 90 days, providing the necessary flexibility to capture potential gains. 📈 Risk-Reward Ratio: The risk-to-reward ratio for this trade is approximately 1:2.11. For every unit of risk, there's a potential reward of 2.11 units, resulting in a risk-reward ratio of "1:2.11." 🚀 Trade Strategy: Exercise caution while trading SHRIPISTON. Keep your stop loss intact and trail it periodically to secure gains as the stock progresses. 📉 Low Tradable Volume: Be mindful of SHRIPISTON's low tradable volume, which can result in upper or lower circuit limits being reached unexpectedly. Trade with caution. 📉 Correction from Highs: The stock has experienced a correction from its higher levels, potentially providing an attractive entry point. 📊 Trading on Support Area: SHRIPISTON is currently trading within a supportive area, offering a favorable entry zone. 💰 Favorable Risk to Reward: Despite the unique challenges, this trade presents a favorable risk-to-reward ratio, allowing you to aim for higher rewards while managing risk diligently. This trade idea offers a comprehensive plan, complete with a calculated risk-to-reward assessment. Approach SHRIPISTON with caution, considering its low tradable volume and potential circuit limit fluctuations. Exercise prudent risk management to navigate this opportunity. Happy trading! (Note: Always conduct your own research and assess your risk tolerance before executing any trade. Trading involves risks, and past performance is not indicative of future results.) 📊💼🧐Longby We_Learn_Investing3
Shriram Pistons & Rings Limited - Long Setup, Move is ON...#SHRIPISTON trading above Resistance of 1988 Next Resistance is at 2421 Support is at 1420 Here is previous chart: Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade. Longby MandeepSinghKohli4
Triangle Pattern BreakoutThe stock has broken the triangle pattern. Buy at 977, accumulate till 845. Target of 2125. Use a 1:3 risk reward ratio.Longby pdmehta35Updated 0
Shriram Pistons & Rings LimitedSHRIPISTON:- Cup and handle pattern formed, keep on radar.. Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.Longby AjayDhakad_Keep_it_simple110
Shriram Pistons & Rings: a probable long trade#shripiston conventional vehicle (not EV) related company with decent financials. SL 643 WCLBS Targets in orange Safe traders to enter post break out or can begin to accumulate. Multibagger potentialLongby TradingBanker1
probability of Long term rounding bottom1. a probable rounding bottom on long term 2. in uptrend higher highs and higher lows in staircase pattern from corona bottom in march 2020 (ATL not broken) 3. level of 800 is held post breakout 4. probability of carrying the same pattern with resistances marked on charts that could act as top of stair 5. rising trendline key levels resistance 1140/1600/2300 support trendline/ 818 *illiquid script, not for tradingLongby QuackStocks0