SAREGAMA - 2.5 Years Downtrend Breakout
Updated
Saregama India Ltd
1) Time Frame - Weekly.
2) The Stock has been in a Downtrend since (January, 2022). Now It has given a Downtrend breakout & Closed with good bullish momentum candle & with good volume in weekly Time Frame.
3) The next resistance would be It's previous Life Time High (550.60 - 15% from the price 478.35). Also It may perform well in the long term (Stock is almost debt free with good fundamentals).
5) Recommendation - Strong Buy
1) Time Frame - Weekly.
2) The Stock has been in a Downtrend since (January, 2022). Now It has given a Downtrend breakout & Closed with good bullish momentum candle & with good volume in weekly Time Frame.
3) The next resistance would be It's previous Life Time High (550.60 - 15% from the price 478.35). Also It may perform well in the long term (Stock is almost debt free with good fundamentals).
5) Recommendation - Strong Buy
Note
As mentioned previously, The given target of 550.60 - (15%) from the given price (478.35) is achieved.
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