Share India: Breakout and Growth Potential.

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I am back again with a short analysis of share India securities LTD.

Chart is self explanatory so, we will keep it to the point. As we can see in weekly timeframe Share India has been consolidating for the past 18 months. Initially, it formed a descending triangle pattern and gave a breakout. Subsequently, it started forming a head and shoulders pattern, and this week it experienced a strong breakout. The company is fundamentally strong. Although it falls under the small-cap category and operates as a stockbroker, it is experiencing significant growth. We could consider a target of 25% with a stop loss set around 18%.

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