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MandeepSinghKohli
Jan 27, 2024 6:08 AM

Salasar Techno Engineering Ltd - Long Setup, Move is ON... Long

SALASAR TECHNO ENGNSE

Description

#SALASAR trading above Resistance of 98
Next Resistance is at 138
Support is at 80

Here is previous chart:



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.
Comments
RishabhGandhi250218
Any views on the stock .. hitting LC since few days post bonus share.. ( already paid member )
MandeepSinghKohli
@RishabhGandhi250218, Hi Sir, it may be hard to hold a stock hitting LC.

However, there is no change in fundamentals. The company reported standalone net profit of Rs 16.75 crore for the quarter ended December 31, 2023 as compared to Rs 10.77 crore in the same period last year, registering a year-on-year growth of 55.52 per cent. Net revenue of the company rose substantially by 26.12 per cent at Rs 303.69 crore in October-December quarter of this fiscal as against Rs 240.80 crore in the corresponding period last year.
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