After a straight rally SAREGAMA made a bullish PENNANT pattern and successfully broke the triangle. Average more qty if it comes at 360/50 levels. First target 15% Second 22% and last 30%
NOTE: I'm not a SEBI REG. Study before investing.
Saregama India Ltd |Swing Momentum stock 15 feb 2024
Saregama is the oldest music label company from India (established 1902, erstwhile "Gramophone Company of India" & then "HMV"). The company is aiming to be a pure-play content company supported by the global consumption boom.
financial: strong
Market Cap = ₹ 7,546 Cr. ROCE =17.6 % ROE = 12.8 %
Debt to...
SAREGAMA is into parallel channel after making top in Jan 2022 on daily timeframe.
until it doesn't breakout on either side consider it to move into same channel for a while
SAREGAMA:- Ascending triangle pattern is formed wait for breakout, keep on eye.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the...
Saregama tuning in to a swift move
Compression since last few weeks
Daily Momentum is seen.
#SAREGAMA - 418.9
Target 1: 423.05
Target 2: 425.65
Target 3: 429.85
SL: 402.95
Saregama tuning in to a swift move
Compression since last few weeks
Daily Momentum is seen.
#SAREGAMA - 418.9
Target 1: 423.05
Target 2: 425.65
Target 3: 429.85
SL: 402.95
Saregama is under the long consolidation zone. Breakout can be observed in the stock above R2 (Mentioned in the Chart ).
Time to invest in a fundamentally good company.
Disclaimer- This is not a piece of investment advice. Please do consult your financial advisor before investing
saregama is strong chart..
havent corrected at all in weak markets..
i took position month ago at 960 with sl 890..
stock had continously touched 1085-1095 levels and came down..
once the resistance of 1100 closing basis is crossed.. further 15% upside possible.. now SL marginaly above cost at 999..
If price point touches 825 in the next few sessions then I feel it will continue on an upward trend. Let's see if this analysis makes sense. Do let me know what you think. Thanks.
