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anchitgoel
Oct 14, 2020 1:59 PM

SH KELKAR : BREAKOUT RETEST : LONG : SL 83 Long

S H KELKAR AND COMNSE

Description

SHK gave strong breakout after completing wave 4 triangle. It retested the breakout today on lower volumes. RSI is also taking support at the trendline. Once it gives closing above 94, it can zoom all the way to 122 in the coming days. Recent Q2 business update by the company is also good and projects a stable outlook with very low CAPEX.
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