DCM Shriram Industries the Gem💎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 Industries Ltd is primarily engaged in production and sale of sugar, alcohol, power, chemicals, Drones (UAV) and industrial fibers
Defensive
ITC at a crucial point yet againOne 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%.