Stock is trading near BO on daily chart with good volume build up, follow chart for proper support and resistance levels.
Shivam autotech can double triple ur money SL 24 and after BO asusual technical multibagger
Good pick for short term tgt for Rs 41 RSI & volume are increasing drastically
Enters Q1 RRG Crossed Resistence Zone with SC Next Hop to 42.45 Retest Entry Levels at 31.60 - 29 / 26.40 / 24.30
Explained on the charts
OLY BUY share with your friends like and comment if u like
Buy Shivam Auto @ 91 with Sl of 95 (Closing basis) for target 104
Long position taken from CMP 82 for long term. Also stock can be added 75. Keep Sl of 69
SHIVAMAUTO gave a low risk entry point, honestly entry point is not strong. But risk is extremely less as compared to reward it can generate, hence weak entry or not this risk is worth taking.
Buy the share once it gives a close above rupees 48. That will show the changing momentum of the share.
The stock went below the range of 50 in last month. Buy when it gives a close above 48 and see the level of 51 soon.
