Sree Rayalaseema Hi-Strength Hypo Ltd Buy for Mid/ Long Term
Sree Rayalaseema Hi-Strength Hypo Ltd may be considered a buy for Long term.
Please read every point before taking entry - Enter only and only if you feel confident, and if you feel what is written here is acceptable.
Factors for entry:
1. Fundamentally strong (Please go through the fundamentals of the company before messaging me, its easy and direct)
2. The Company is engaged in manufacturing and sale of industrial chemicals and generation and distribution of power - Chemical will be the next segment I will be concentrating on.
3. Technically - weekly trendline broken, strong bullish candles
4. Upper support levels are broken.
However, I won't recommend to buy completely now.
I will personally start building my portfolio slowly (I am expecting it to retest the bottom trendline again, if not then I am satisfied with the present entry).
Initial marked SL i.e below 270, is if people are taking an entry in CMP (What I suggest is better to build the portfolio, slowly adding more if its coming down).
The dark blue line may be followed if daily candle closing strongly above the resistance zone.
I am expecting a retest - so high probability of the dotted line to follow is there.
A safe SL is below 220 (This would be my SL)
TGT: 400/450/500 ++
Disclaimer: These are just my views, I am only SHARING my views - kindly do NOT trade blindly with these levels, please do your own research before entering/ or as per advice from your own financial adviser.
This is for a mid to long term investment only, its not a positional or an intraday trade
PS: Since I am presently sailing- I wont be able to do any intraday trade, and this is the reason why I am not posting any intraday/ positional trades. As and when a good stock appears for mid/ long term investment, I will try to post.
Please read every point before taking entry - Enter only and only if you feel confident, and if you feel what is written here is acceptable.
Factors for entry:
1. Fundamentally strong (Please go through the fundamentals of the company before messaging me, its easy and direct)
2. The Company is engaged in manufacturing and sale of industrial chemicals and generation and distribution of power - Chemical will be the next segment I will be concentrating on.
3. Technically - weekly trendline broken, strong bullish candles
4. Upper support levels are broken.
However, I won't recommend to buy completely now.
I will personally start building my portfolio slowly (I am expecting it to retest the bottom trendline again, if not then I am satisfied with the present entry).
Initial marked SL i.e below 270, is if people are taking an entry in CMP (What I suggest is better to build the portfolio, slowly adding more if its coming down).
The dark blue line may be followed if daily candle closing strongly above the resistance zone.
I am expecting a retest - so high probability of the dotted line to follow is there.
A safe SL is below 220 (This would be my SL)
TGT: 400/450/500 ++
Disclaimer: These are just my views, I am only SHARING my views - kindly do NOT trade blindly with these levels, please do your own research before entering/ or as per advice from your own financial adviser.
This is for a mid to long term investment only, its not a positional or an intraday trade
PS: Since I am presently sailing- I wont be able to do any intraday trade, and this is the reason why I am not posting any intraday/ positional trades. As and when a good stock appears for mid/ long term investment, I will try to post.
Trade active:
Bought 30% of my expected allocation for this stock.
Will add more if and when it's going down
Will add more if and when it's going down
Comment:
Present buy price 305 around
Comment:
Now this is what I mean by a strong close above the resistance zone..
"The dark blue line may be followed if daily candle closing strongly above the resistance zone ."
Let's wait n watch. It's presently trading at about 15-16% above our buy price
"The dark blue line may be followed if daily candle closing strongly above the resistance zone ."
Let's wait n watch. It's presently trading at about 15-16% above our buy price
Comment:
Presently trading around 404, almost 32-33% of my buy price. Took almost 4.5 months to get a 30% return. Will slowly start squaring off, depending on the pattern formed on daily chart