Sigachi Inds cmp 58.43 by Weekly Chart views since listedSigachi Inds cmp 58.43 by Weekly Chart views since listed
- Support Zone at 53.75 to 55.75 Price Band
- Volumes are seen to be gradually increasing
- Bullish Rounding Bottom with neckline at Support Zone
- Weekly basis Support at 44 > 31 > 22 with Resistance at 71 > 84 > ATH 95.90
- *Probable Descending Triangle Breakout in the attempt basis Test Retest at the Support Zone*
Sigachiindustries
Sigachi Industries (IPO Base Breakout)Sigachi Industries is giving IPO base breakouts on the weekly and monthly charts. Closing above 63.40 every week can open gates for 77, 93, and 107 levels. Also, a rounding bottom structure has formed on the weekly and monthly charts.
Disclaimer: I am not a SEBI registered analyst. All the stocks are for educational purposes. Investors must consult a financial advisor before making any investment. It is not a buy or sell recommendation.
SIGACHI Nice Swing Opportunity!!!Chart pattern suggests a good swing opportunity in SIGACHI INDUSTRIES !!!
Reasons
1. Breakout with Extra ordinary volume
2. Low & Higher Low gives a clue about bulls entry into Sigachi !!
3. Target & SL levels mentioned @ chart
4. Best SL- 280
Let's see how it moves!!!
Fundamentally, Good stock(parameters showing it) and improving cashflow!!!
NOTE - Just sharing my view....not a tip nor advice!!!!
SIGACHI INDUSTRIES - DAY CHART - 07.01.2023 - BAHAVAN CAPITALSIGACHI INDUSTRIES as per Day Chart Analysis Stock
ABOVE 331 TARGET 335
Three consecutive days market fall due to increased selling pressure by FII Net selling 2902.46 Cr and DII Net Buying at 1083.17 Cr.
Monday Nifty may take a support at 17771 and Bank Nifty may take a support at 41677 then form a bullish or an inside bar candle.
So next week onwards market may move upwards due to quartely results announcement of various companies like TCS, HCL, WIPRO, INFOSYS etc...
Happy Weekend...