SALZERELEC has given best closing since Oct'18 and has some resistance around 146-147. If manages to cross this level, then can see another UC on Friday. As this is cash/low volume stock (volume was good on Wednesday), take limited risk in the stock if opportunity is provided. Thanks Piyush Gupta Learn & Earn
The Relative Strength is better than its market leader Havells India. Awaiting a Multi year Breakout. Inverse Head and Shoulders Pattern is formed and travelling in a Parallel Channel. Very Low risk but the Reward could be very High.
pattern breakout u can go long ( just for education purpose)
Good run up till 03-12-2020. Now cooling off with low volume again spike may be seen above 138 level. SL can be kept at 129
After good run up stock is ready for second leg up. It can be bought at 131 with SL of 123
#SALZER BSE:SALZER Salzer Electronics Ltd. CMP: 129.75 Target: 160 + SL: 116 Time Frame: < 2 months If u like my work, kindly LIKE SHARE & FOLLOW for latest stock recommendations. :)
Nicely setting up low cheat. Pocket pivot today. Good till 130.
Detailed plotted & mentioned on Chart. Disclaimer: Take this information as study/education purpose only. If Useful Like & Share For taking trade decision Consult with your Financial Advisor.