Swing trade opportunity in SHARDAMOTRSwing trade opportunity in SHARDAMOTR
Entry - 625
Target - 756
DISCLAIMER: I am not SEBI registered and the ideas posted are only for educational purpose. Always trade with proper STOPLOSS.
Key stats
Market capitalization
17.262BINR
Dividends yield (FY)
1.40%
Price to earnings Ratio (TTM)
9.25
Basic EPS (TTM)
64.00INR
About SHARDA MOTOR INDUSTRIES LTD
ISIN
INE597I01028
Sector
Producer Manufacturing
Industry
Auto Parts: OEM
Website
shardamotor.com
Headquarters
New Delhi
Employees
3.121K
Founded
1986
Sharda Motor Industries Ltd. engages in the manufacture and trade of automobile components. The firm specializes in motor vehicles parts such as suspension, silencer, exhaust pipes, car seats frame and seats cover, and others. Its services include exhaust system, suspension system, and seat trim and seat frames. The company was founded by Narinder Dev Relan on January 29, 1986 and is headquartered in New Delhi, India.
SHARDA MOTORSSHARDA MOTORS looks good for swing trading. Price consolidating near our demand zone, which is also the 200 EMA on the daily time frame. Price action look bullish for the near target of 845. Keeping SL near the 200 EMA at 719-715. Fundamentally company looks good. Hence no big reason for the fall. B
SMIL is future ready, are you willing to drive with it?With a stop loss of 734 one may seek target of 1025..resistance seen at 855 and 940-950.. earnings have grown in last FY and trend may continue this quarter as well...price is at support trend line so a tight SL is mandated.. fair warning - the stock is very thinly traded
RESISTANCE BROKEN IN SHARDAMOTRDisclaimer: Always take trades based on your own risk appetites. And always enter SL first.
Points to note:
1. An important zone of 800-810 tested repeatedly, getting rejected every time
2. Level finally been broken with the help of strong volume upsurge.
3. A good rounded base formation
A Long
SUPPORT AND RESISTANCE the price is near to breakout can generate trade after breakout or while pull back
YR 2022 Idea #53: Long on SHARDAMOTRThis is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At
#SHARDAMOTR #StockMarket #StockIdeas #StocktoWatch #StockToBuySharda Motor Industries Limited is a sweet stock to purchase in the middle of a tumultuous equity market.
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Add Stock at levels near 800Rs
For a target of 900 and 1000 Ultimately
With time frame of 8-12 months
Keep SL of 740 for Short term trade Or 700 for long term, on closing b
Breakout of consolidation waiting for a bullish confirmationBreakout of consolidation waiting for a bullish confirmation
SHARDA MOTORS : BREAKOUT STOCK Fresh Buy @CMP
TGT - 900 & 950
SL - 730
𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. Th
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