Syrma is a very reputed Electronics manufacturing supplier which has shown good growth in past few years.
Technical analysis of chart shows bullish divergence near a strong support.
If the stock crosses 500, we can see quick move towards target mentioned. A supportive broader market can also help stock make new ATH.
Keep in watchlist.
BE careful above there is one more trendline going above the breakout candle it may face resistance ,we will go as per our stratergy will buy after it crosses breakout candle high above with 1:2 take profit ,u should trail ur sl if u find it reversing from trendline going above
1. Rexnord Electronics & Controls is engaged in the business of Manufacturing and sale of instrument cooling Fans and shaded pole motors used for industrial purpose.
2. This is a Microcap company with Market Cap of only Rs. 56.2 Cr.
3. Stock P/E is 20.1 that means valuations are very attractive.
4. Operating Profit Margin is on an average 11-12% which is very good...
On one side, the Double top indicates the chart to be Bearish. But on the other side, a rounding arc with good support and increase in volume leads this chart on the Bullish side. So I am on the neutral side.
If it breaks resistance with good volume then go for a short term to long term investment. But if it falls below the resistance, then wait for some dips to...
