About the company Sarla Performance Fibers Limited is engaged in the manufacturing and export of polyester and nylon textured, twisted and dyed yarns, covered yarns, high tenacity yarns and sewing thread
Weekly Chart Pattern
Setup.. cmp 50.45 any dip upto 45 can be bought For targets🎯 55 / 57 / 60+ Above 60 it would be a inverted head and shoulders breakout Breakout Targets🎯 64 / 70 / 77 / 82 / 87+++
Looking at Monthly Charts now....
We can see a bigger inverted head and shoulders pattern on monthly chart Hence, If sustains above 90... We can see a fresh breakout... For targets🎯 95 / 100 / 110 / 115 / 121 / 129 / 135 / 141 / 150++
WCBSL can be taken as 30
Tecnical Analysis...
1) Formation in progress of..Inverted head and shoulders pattern on Weekly as well as Monthly charts... 2) Volume addition 3) At good and strong numbers
Regards.. Keshav Jain.. 26/11/2023
Disclaimer & Risk Warning
I am not sebi registered analyst. My studies shared here are for educational purposes .. Do Consult Your Financial advisor Before Taking any Trade.....Good Luck!
I hope this time it crosses 58 🥲.. Bought 1000sh@58 in jan 2022...then it started downward movement.. Went to low 32..thought of exiting it when I was 25000rs down...now it's moving up slowly.. How long will it take to reach 60..should I hold it for furthur movement.. Or exit some position