SHREYANS INDUSTRIES EXPECTED TO RALLY FROM THESE LEVELS
Updated
SHREYANS INDUSTRIES HAS BEEN CONSOLIDATING FOR ABOUT A YEAR NOW AND IS AT ITS SUPPORT RANGE NOW.THE COMPANY HAS LAST DECLARED ITS DIVIDEND BEFORE THE THE COVID CRISIS BEGIN AND WITNESSED A SHARP FALL DUE TO IT AND HAS BEEN CONSOLIDATING SINCE THEN.NOW IT IS AT ITS SUPPORT LEVEL AND IS GOING TO CONSIDER DIVIDEND IN THE UPCOMING BOARD MEETING WHICH IS GOING TO BE HELD ON MAY 11.WITH NEWS COMING IN WE MIGHT EXPECT A BREAKOUT FROM ITS CONSOLIDATION IN THE UPCOMING WEEKS.IF IT BREAKS OUT WE MIGHT EXPECT HIGHER LEVELS.THE RESISTANCE LEVEL IS AROUND 100 TO 115 IF IT BREAKS IT WE MIGHT EXPECT A MOVEMENT UPTO 150 160 RS.THE COMPANY IS EXPECTED TO SHOW SOME GOOD PERFORMANCE IN Q4.THE COMPANY HAS A GOOD DIVIDEND HISTORY.
TILL THE BOARD MEETING WE MIGHT SEE 10 TO 12RS MOVEMENT.THE NEWS WILL DRIVE THE SHARE TILL THE MEETING
TARGET 1:88-90
TARGET 2: 104-106(BASED ON RESULTS
MAJOR RESISTANCE AT 104 106 LEVELS IF BROKEN WE MIGHT SEE A SHARP UPMOVE
TILL THE BOARD MEETING WE MIGHT SEE 10 TO 12RS MOVEMENT.THE NEWS WILL DRIVE THE SHARE TILL THE MEETING
TARGET 1:88-90
TARGET 2: 104-106(BASED ON RESULTS
MAJOR RESISTANCE AT 104 106 LEVELS IF BROKEN WE MIGHT SEE A SHARP UPMOVE
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TARGET 1 REACHED
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