***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have...
Singer India is a MNC in textile machinery manufacturer and sewing machine manufacturing & servicing company, also a well known brand for house hold sewing machines.
On charts it's forming inverse HnS pattern. The volume, RSI too supportive. As can be seen on charts its on verge of breaking out of a long term price range.
On account of revival of textile sector...
A "W" pattern is seen to be formed while the previous trend was upward .
Keeping 28.30 SL, one can think abt buy at cmp for target of 35-36.
This is NOT a recommendation to trade/invest but just my opinion.