NSE:SKIPPER is expected to break past its resistance and may rally up to 20% in the near future.
Technical Reason - NSE:SKIPPER had been on a downtrend in the first half of December before resuming its upward movement from 22nd December. NSE:SKIPPER has been on an uptrend ever since breaking out from its downtrend channel. NSE:SKIPPER has always...
Dmart in sip and long term accumulation zone.
HOLDING PERIOD- 1-2 YEAR FOR BIG GAINS.
FEW CHECKPOINT -:
1. monthly and weekly rsi not in overbought zone.
2. price above 200 ma
3. similar chart pattern repeating again and its 3rd time.
4. Good fundamental with good results just taking a correction and soon will be ready for long run and newer highs.
Stock has given a fresh inverse head and shoulders pattern breakout over the levels of 250 on weekly charts with the highest volume since 2017. Counter looks pretty comfortable to approach the targets mentioned on charts in a little time, keep a stop-loss of the mentioned level on weekly closing basis.
THERE IS TRIANGLE PATTERN IS FORMATION. I AM BASICALLY BULLISH IN THIS STOCK INTRADAY. IF YOU NOTICE IN CHART THEN THERE IS HAMMER IN SECOND LAST CANDLE.
IF YOU WANT BUY THEN BUY ABOVE 4268.80 LEVEL.
ITS AN ANALYSIS ONLY.