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 :-
www.screener.in/company/SANGHIIND/
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 :-
www.screener.in/company/SANGHIIND/
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
www.financialexpress...-high-growth/998003/
The scrip is almost around 52-week high
Good to add more on dips as the company appears to be poised for high growth
www.financialexpress...-high-growth/998003/
Comment:
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
www.livemint.com/Mon...nghi-Industries.html
PAT also increased in Q3
equitybulls.com...06/news_det.asp?id=222847
Planning to buy on further corrections near support zone -110-112 as scrip has started to show sign of reversal
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
www.livemint.com/Mon...nghi-Industries.html
PAT also increased in Q3
equitybulls.com...06/news_det.asp?id=222847
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..
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