samkrg piston & rings looks bullish in medium term
Updated
In weekly, price broke the previous peak with high volume, also price closed above upper BB and BB is expanding, 
In daily also price broke out of horizontal resistance with good volume,
fundamental view - healthy growth in profit, positive cash flow, cheaper valuation in comparison to peers, healthy dividend payout,
with an initial sl - 290, one can ride the uptrend here,
In daily also price broke out of horizontal resistance with good volume,
fundamental view - healthy growth in profit, positive cash flow, cheaper valuation in comparison to peers, healthy dividend payout,
with an initial sl - 290, one can ride the uptrend here,
Trade active
after a retracement, morning star formed at horizontal support. in.tradingview.com/x/vbUn9sKZ/.
Also taking support at 20 MA
Trade active
price bounced from the support level Trade active
volatility decreasing and BB is squeezing Trade active
till now 365.55, price closed above horizontal resistance with good volume and closed above upper BBTrade closed manually
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