Sanghi : H&S Pattern

Scrip can given breakout from 52-week high, Neckline support and going strong with bullish surge

Bullish momentum sign
1) SMA - Price range is above SMA-15 and SMA-200 and SMA-15 is above SMA-200 which gives strength to ongoing momentum
2) Didnt get affected much during recent NIFTY corrections
3) Volume increase during past few sessions

Aiming towards Price target. Rest in charts

Sound fundamentals of the company :-
Comment: Going in flow..
Comment: The scrip can go past 150-180-200+ as the Brothers in crime, Bearish doji star and spinning star are also unable to impact the surge
Trade active
Comment: Scrip is going in right direction following breakaway gap and volume increase to confirm the momentum after breakout from descending channel

The scrip is almost around 52-week high

Good to add more on dips as the company appears to be poised for high growth
Comment: Breakaway gap turned into exhaustion gap likely due to corrections overall

However, Company appears to be showing progressive growth with expenses being controlled and major expense like power/fuel getting lowered due to lower GST implication on lignite which will likely impact the cost further in long run

PAT also increased in Q3

Planning to buy on further corrections near support zone -110-112 as scrip has started to show sign of reversal
Trade active: The scrip has strong support around 110 price range as it has rebound thrice

Trade active: Rebound/retracement back being seen again with bullish marubozu candlestick in action which signifies easy-to-spot signal with a very clear meaning however NIFTY support is necessary for the bullish surge :)

Trade active: After prolonged downtrend from retracing from strong support level - 110, The scrip is showing sign of bullish reversal with morning star pattern to follow

Q4 results on 19th May to decide the further flow..
Trade active: Bullish pin bar candlestick in formation which appears to have brought the flow in favor of bulls whilst the scrip had opened on gap down during opening hours pursuant to company Q4 results

@amankavi , Good Observation ... :)
@kbmj, thank you :)
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