Siyaram good volume. Ready for a new ATH?
Updated
Trading in a range from April 22.
✅Good Volume and wide candles seen in
today's chart.
✅Trading close to ATH levels.
✅Trading above 50 DMA.
✅Resited the market fall.
❗️Prolonged and deep pull back after each upmove.
❗️Strentched with respect to 50 DMA. Almost 27%.
❗️Bearish sentiments in the market.
▶️Market Cap---₹ 2,792 Cr.
▶️Current Price---₹ 616
▶️Stock P/E---14.4
▶️ROCE---20.5 %
▶️ROE---16.3 %
Entry levels are marked on the chart. Watch for a breakout of 700 levels. Fresh entry or further addition is possible if ATH is broken with good volume and a good candle.
The chart shared is for educational purposes. This is not a buy-sell recommendation.
✅Good Volume and wide candles seen in
today's chart.
✅Trading close to ATH levels.
✅Trading above 50 DMA.
✅Resited the market fall.
❗️Prolonged and deep pull back after each upmove.
❗️Strentched with respect to 50 DMA. Almost 27%.
❗️Bearish sentiments in the market.
▶️Market Cap---₹ 2,792 Cr.
▶️Current Price---₹ 616
▶️Stock P/E---14.4
▶️ROCE---20.5 %
▶️ROE---16.3 %
Entry levels are marked on the chart. Watch for a breakout of 700 levels. Fresh entry or further addition is possible if ATH is broken with good volume and a good candle.
The chart shared is for educational purposes. This is not a buy-sell recommendation.
Trade active
Entry triggered. Trade closed: target reached
37.8% profit so far. Note
83% profit. That was an awesome move. Stock is a bit stretched. Do not enter in FOMO. No entry at this level.
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