Good structure in SMS life
Breakout after 3 years almost
good volume in BO
BUy at CMP or wait for retest
good support near 885-840
weak below 690
Market Cap--₹ 302 Cr.
Promoter holding--67.8 %
FII holding--0.04 %
The chart pattern looks like the letter "J" with two peaks and a rounded valley in between and a higher peak. Scallop tend to be wider near the start of a price trend than near the end. A close above the highest high signals an upwards breakout. Targets on the chart. A high of 750 to 800 may be achieved in near future.
Disclaimer : The opinions and analysis...
Price after the record breakout from 440 to 680 in a short period now consolidating and forming a FLAG pattern if breaks the resistance line at 668 then it will fly for second time in a row. Best buy is at the channel bottom.
