Sharda Motor Industries Limited - Breakout Setup, Move is ON...#SHARDAMOTR trading above Resistance of 2376
Next Resistance is at 3254
Support is at 1497
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
SHARDAMOTR
SHARDAMOTR | Add To Watchlist📊 DETAILS
Sector: Auto Ancillaries - Spare Parts & Accessories
Mkt Cap: 4,214 cr
Sharda Motor Industries Ltd is primarily engaged in the manufacturing and assembly of Auto Components and White Goods Components.
TTM PE : 17.29 (Average PE)
Sector PE : 50.06
Beta : 0.80
📚 INSIGHTS
Strong Performer
Stock with consistent financial performance, quality management, and strong technical momentum indicating good investor enthusiasm. Currently valued at Good to expensive valuation
5.14% away from 52 week high
Outperformer - Sharda Motor Industries up by 1.73% v/s NIFTY 50 up by 1.01% in last 1 month
📈 FINANCIALS
Piotroski Score of 7/9 indicates Strong Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
🔍 More Analysis & Trade Setups 🔍
For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com