DCM Shriram Industries cmp 108 Reasons for selecting this stock🤍 🔹Interesting company 🔹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 DCM Shriram...
In recent times, took support multiple times at 2320-2330 levels. Likely it will bounce back from here, should see 2500 level soon.
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%.
It time to be defensive for sure. Pharma is again starting its rally.