targets on chart good accumulation/bottom formation a close above 323 should be the trigger for rapid move UP 2019 entire year was one of consolidation for this stock first 560
Shankara Building Products on the Daily Chart is close to breakout. If it breaks out of the Bullish Flag pattern of Rs 540, then it will be a sign of the end of recession in the stock. There are many highlights and high-rise in this. They also found signs of stagnation in the stock.
Disclaimer:I am NOT SEBI registered, Just trying to learn to predict share price movement. THE CHARTS PRODUCED HERE ARE FOR MY PERSONAL REFERENCE ONLY AND THEY ARE NOT ANY BUY OR SELL RECOMMENDATIONS. Kindly consult your investment advisor and family members before investing.
Looks like a very interesting setup to me. Could soon get into good momentum and give great returns once it crosses over the trendline.
Go for buy on 5 min strategy as the 1 hour stochastic is on over sold zone and stock price is in uptrend above 30 and 50 EMA
Buy SHANKARA at CMP (2050+) T1: 2200 T2: 2350 SL: 1889
The stock has been consolidating in a trading range for a while now. Have a look at the price action over the past few days. The candle size has shrunk and so has the volume. The rally today represents a breakout from the range. The price action today is also backed by higher trading volume. I have bought a few shares today. Would add more on subsequent buy signals.
join old rlly
bullish engulfing on daily charts,flag pattern breakout targets 1550,1700!!