techmental_AK

SKF India - Prediction based on analysis

Long
NSE:SKFINDIA   SKF INDIA
It has formed a CUP on daily timeframe without a handle.
Good accumulation at lower levels.
Depth of cup is less than 35% - indicates strength

Expecting it to move sideways for a few day
Might form a handle
and thereafter a possibility of a breakout

Let's see

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.