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SIYSIL

SIYSIL - WEEKLY CHART ANALYSISAfter long consolidation of one and half year it has finally broke out the down trend line with volume support. A decent contraction is seen on the left and up volumes shows accumulation. Stock is trading above all its key moving averages. A pilot position can be initiated here and another once it close above 661 level. The supply zone ahead is the all time high zone 743-790 levels. As per the trend based fib initial targets can be the supply zone / ATH levels (743-790) and then if it close with new ATH then 845 - 1050 - 1300 should be the levels in the long term. This view invalidates if the stock close below 480-500 levels (swing low) on a weekly timeframe. Disclaimer: This is just an analysis and not a buy/sell recommendation. If you intend to trade this counter then do your own due diligence and trade at your own risk.
NSE:SIYSILLong
by marketmoneymohmaya
Target 1 achieved in SIYSIL. Gain of 27% Target 2 is ON.This is follow-up on Siyaram Silk Mills. Can check link to related ideas. Target 1 achieved. Gain of more than 27%. Target 2 is ON. Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart. 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.
NSE:SIYSILLong
by MandeepSinghKohli
9
Intraday Trade watch above resistance breakoutbuy above 518 in intraday For stoploss in Intraday use 5 minute chart and see nearest support. for target use 5 min chart and fibonacci pivots as i don't keep predefined target. try to book partially and trail. Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis NOTE: For Gapup or bo before 9:20 If gapup is more than 1% from bo level than avoid completely. if less than 1% or gives bo before 9:20 than wait for first 5 minute candle and entry above 5 minute candle and revised SL below candle Low.
NSE:SIYSILLong
by stockkar
SIYSIL Analysis | On demand of a follower :) ⭐A breakout on Month can be seen clearly if it sustains on these levels for Monday too :) ⭐Dynamic supports from 50 dema is been taken multiple times (once broken with a power candle = gap up next day above it ) ⭐My calculated speculation is: a **close** above today's red candle with volume more than normal on 15min = a breakout from the pattern :), the risk gets minimal as u will exit the trade if it comes back to the triangle, then chances of manipulation increases and rewards = well if it sustains these lvls for the month than for upcoming days it might touch 362 lvls too, the time cant be predicated :) ⭐If someone takes the trade do see the Rsi too, if a close above the prev high takes place with RSI above 70 then trade will go smooth as a higher high on price with higher RSI will be made ( be careful with RSI divergence in such trades )
NSE:SIYSILLong
by Averoy_Apoorv_Analysis
4
Siyaram Silk - Weekly BreakoutSIYSIL had been rangebound since end December 2020. The stock broke out with a runaway gap this Friday to close well above the recent weekly resistance level of 216. This breakout is supported by fairly high volumes and the up move will probably continue going forward. Since the bottom in early 2020, the stock has moved up in a clear rising channel as shown in the chart. The stock traded between 180-216 in its 4-5 month long sideways move and it took support multiple times at the 40 week EMA (currently around 184) multiple times. SIYSIL can be bought at CMP and on pullbacks to 230-220 for a decent return. Target: Near term resistance is at 257-260 (late 2019 weekly resistance) - this can be treated as an initial target. However, a more appropriate target would be the late 2018/early 2019 weekly support area of 296- 297. The upper trendline of the rising channel (red TL) shown in the chart also currently lies in the same area making this an ideal short to mid term target for SIYSIL. SL: Go long with a WCB SL of 220.
NSE:SIYSILLong
by drupadk