DCM Shriram Industries
Reasons for selecting this stock🤍
🔹Pullback done and expecting a upside movemnt
🔹Another breakout above 116-117 range
🔹Also company involved in armed vehicle manufacturing & drone manufacturing
🔹Furthermore Govt. decided to reduce defence import.It will be postive for the company
ABOUT THE COMPANY
One of the most talked-about stocks of the Indian markets, ITC, is at a crucial zone yet again. 200DMA + 200 psych level + support zone + RSI40.
It's retested this level 9 times but is forming lower highs. Will be interesting to see if we're able to see a bounce this coming week...
Marked as a 'Long' with a stop below 200DMA, roughly 4-5%.