ParamjitMahapatro

samkrg piston & rings looks bullish in medium term

Long
BSE:SAMKRG   SAMKRG PISTONS & RINGS LTD
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,
Trade active: after a retracement, morning star formed at horizontal support.

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 BB
Trade closed manually

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