Fundamentally Strong + Technically Strong + Early Entry = MULTIBAGGER
Savita Oil Technologies Limited, established in 1961, is a specialty petroleum products company engaged in manufacturing Transformer Oils, Liquid Paraffins, White Oils, Automotive and Industrial Lubricants, Coolants and Greases. A wide range of lubricants, greases, and coolants of the Co are...
Hi,
NSE:SOTL has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on daily, weekly and monthly time frames. RSI is also on the bullish side on daily and weekly time frames.
In the current market scenario I am expecting that the bullish momentum will continue.
Complete price projection like entry, stoploss...
Chart -> Savita Oil Daily
VCP pattern breakout with volume.
CMP: 315
Good Range To Buy: 305 to 315
Targets: 340, 380
SL: 290 Daily Close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
BUY - SAVITA OIL TECHNOLOGIES
CMP - Rs. 277
Target - 1: Rs. 372
Target - 2: Rs. 455
.
.
Technicals - Bullis Flag BO
.
This is just a view by an expert analyst, please invest at your own risk.
.
Follow me for more!
Only for educational purpose.Not a recommendation
Stock is from petroleum product sector. Stock bounce back from its support level. Seems to be a movement towards lower level in short run. Expected to break support level.Majority of the shares are holded by promoters. Almost debt free company. Also delivers good profit . Can expect a good movement in long run .
