Shriram City Union is involved in the business activities of Other financial service activities, except insurance and pension funding activities.
The Stock broke out a resistance with good volume after a prolonged downtrend and hence indicated a sign of reversal to uptrend. The Stock is very well placed on charts and looks very positive technically. The stock broke out a Cup & Handle Pattern on daily today and is ready for higher targets.
The Company is fundamentally very sound. The Company has been gaining FPI interest continuously and they have increased their stake from 26.79%in June, 2020 to 28.47% in March 2021. Mutual Fund also has an stake of 3.53% in the Company. The Company has recently posted excellent numbers for last quarter of FY 21.
Considering all fundamentals and technicals, the stock is perfect counter to be traded.
For Targets & SL refer chart.
Feel free to share your feedback and queries. Do not forget to follow me for upcoming posts.
The Stock broke out a resistance with good volume after a prolonged downtrend and hence indicated a sign of reversal to uptrend. The Stock is very well placed on charts and looks very positive technically. The stock broke out a Cup & Handle Pattern on daily today and is ready for higher targets.
The Company is fundamentally very sound. The Company has been gaining FPI interest continuously and they have increased their stake from 26.79%in June, 2020 to 28.47% in March 2021. Mutual Fund also has an stake of 3.53% in the Company. The Company has recently posted excellent numbers for last quarter of FY 21.
Considering all fundamentals and technicals, the stock is perfect counter to be traded.
For Targets & SL refer chart.
Feel free to share your feedback and queries. Do not forget to follow me for upcoming posts.
Trade active:
About to get first target
Comment:
First Target was done on May 24, 2021