[INVESTMENT] BUY SIYARAM SILK FOR QUICK 10-20% GAINThe stock looks good for short-term investment and expected to get 10-20% from 270 zones.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
SIYSIL trade ideas
SIYSIL Analysis | On demand of a follower :) ⭐A breakout on Month can be seen clearly if it sustains on these levels for Monday too :)
⭐Dynamic supports from 50 dema is been taken multiple times (once broken with a power candle = gap up next day above it )
⭐My calculated speculation is: a **close** above today's red candle with volume more than normal on 15min = a breakout from the pattern :), the risk gets minimal as u will exit the trade if it comes back to the triangle, then chances of manipulation increases and rewards = well if it sustains these lvls for the month than for upcoming days it might touch 362 lvls too, the time cant be predicated :)
⭐If someone takes the trade do see the Rsi too, if a close above the prev high takes place with RSI above 70 then trade will go smooth as a higher high on price with higher RSI will be made ( be careful with RSI divergence in such trades )
Siyaram Silk - Weekly BreakoutSIYSIL had been rangebound since end December 2020. The stock broke out with a runaway gap this Friday to close well above the recent weekly resistance level of 216. This breakout is supported by fairly high volumes and the up move will probably continue going forward.
Since the bottom in early 2020, the stock has moved up in a clear rising channel as shown in the chart. The stock traded between 180-216 in its 4-5 month long sideways move and it took support multiple times at the 40 week EMA (currently around 184) multiple times. SIYSIL can be bought at CMP and on pullbacks to 230-220 for a decent return.
Target: Near term resistance is at 257-260 (late 2019 weekly resistance) - this can be treated as an initial target.
However, a more appropriate target would be the late 2018/early 2019 weekly support area of 296- 297. The upper trendline of the rising channel (red TL) shown in the chart also currently lies in the same area making this an ideal short to mid term target for SIYSIL.
SL: Go long with a WCB SL of 220.
Siyaram Silk BreakoutSiyaram Silk might give a breakout above these levels of static and dynamic support.
Siyaram Silk 1.5yr Cup and Flat Handle Breakout setupSuggested by @monkmaxims
Most Textile sector stocks are breaking out of their bases. This is setting up in a flat base for 6 months on good volumes (Monthly chart shows ATH volumes).
Hopefully we'll see a breakout soon.
Moving along with sector.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20MA on Hourly chart (on a daily close basis)
BUY GUIDANCE:
Never ever buy before 3PM. I have been burnt many many times.Try to buy between 3:15 - 3:30PM, later the better.
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Note: I reserve the right to be wrong.
For educational purposes only.
DAILY SWING CALL // Wednesday 24th of Feb 2021 / NSE: SIYSILDAILY SWING CALL // Wednesday 24th of February 2021 / NSE:SIYSIL
// This is a swing trade call and not an intra-day trade. Please do not expect the stock to go up on the same day of posting or within a few sessions. Please follow the notes along with the posting before, during and after entering the trade //
CMP / LTP: 219.55
TARGET: 252+ (15% Around)
STOP LOSS: 197 (10% Max)
Standard Notes:
- Please follow the Stop Loss strictly and preferably on a daily closing basis.
- Recommended Profit Booking / Exit is on +12-15% & If you still want to hold the stock, trail the SL once this target is achieved.
- Duration: 15-20 Trading Days is suggested for all my trades and is an indicative period.
- If SL / Target are not triggered and you still wish to hold the trade, this can be done as long as SL is followed or trailed.
Disclosure: I may or may not have a position in this trade.
Disclaimer: All the recommendations are subject to market conditions. Please trade at your own risks.
Siyaram silk mills 1D chartPlease enter the trade once u get a proper breakout or reversal from the levels, Do not hesitate to contact me with any queries. Kindly support my views. Thanks
SIYARAM SILKS Low Risk EntrySIYSIL has been consolidating b/w Rs 100-150 to form a bottom since March 2020. It broke out of the range to cross Rs 150 in the week of 3 Aug 2020, and has shaken out weak hands on 31 Aug. Since March 2020, > 9 million shares have traded in high volumes, against a float of 15 million shares available to public. This is a significant amount of trading within 4 months, suggesting acquisition of significant shares by a large buyer.
Current price provides a minimal risk entry point. Trade fails if price falls below 138.
SIYARAM SILK MILLS LTD STOCK NEAR BUYING ZONE SIYARAM SILK MILLS LTD SHARE GIVEN BREAKOUT WITH HEAVY VOLUME
