Restricted (Gradual volume) professor + gov + sg Bull flag 3 Days Volume Increase and close > 3rd
1) trap fall
2) Profit book trap
3) Will go much higher
21 = .98, 101 activated
144 = 0.98 activated
Sector: Electric Equipment
monthly chart shows strong uptrend...
weekly chart shows accumulation near long term trendline support...
price in daily demand zone....
one can also accumulate SBCL for long term this small cap stock....
With time correction over, the stock is at a channel bottom and could bounce from here.
First buy above 590 with another above 620.
After the first buy the SL is 550. Ideally i'd like to keep a SL below 540 which is the 200EMA and give the stock enough time to move.
The play is an interesting one..where whoever makes the smart meters they will buy components...
Stock Name : Shivalik Bimetal Controls Ltd (SBCL) Date: 05/01/24
Description: the stock is near to cross the Resistance of 625.15 of 05/06/23 & 7/8/23 & Retesting now & trading on 601, & if sustain Above 625.15 then will achieve T1 & T2 soon
ATH : 750, BR -Year 3/7/2023, Although it is split 3/2 in...
Shivalik bimetal con LTD ANALYSIS ON 8 SEP 23
Stoploss 499 (on closing basis)
Add small quantity
accumulate till support 520-530
(520 @ 200 ema support)
Target 600-650-750
Support at 500. Trend-line bullish
Next target - 700 (One month)
Good fundamental. Little costly
Long term investors can accumulate towards trend-line.
Shivalik Bimetal has recently given breakout on weekly time frame. Seems stock is retesting the same levels and showing buying interest. Keep on radar.
Trade Details
- Name of The Stock: NSE:SBCL
- Type of Trade: Momentum Investment or Positional Trade
- Duration: More than 60 days
- Entry Level: 645.00
- Stop Loss: Initial 560.00 (Trail accordingly)
- Target: above 820.00
Chart it self explanatory.
Key Points:
- Up trending stock
- Trading near 52 W high zone
- Has corrected from high level
- Trading...
SBCL:- Ascending triangle pattern has been formed, breakout has also been found but breakout candle is very big, if we get the stock between 504 to 510 then only do some planning, ignore the characters, till then keep your eye on the stock.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details...
Engaged in the business of manufacturing of thermostatic metal strips and resistors. Technically strong candidate which is near its 52 week high zone. Broken the 6 month long resistance . Now its immediete target is at 500 levels . A perfect setup is seen in the chart and which indicates a higher high movement .
Stock Name - Shivalik Bimetal Controls Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 193
#This is not Buy and Sell recommendation to any one. This is for...
