Multiyear Breakout stock
Struggling to make new tops in this market.
Keep on radar this stock can perform very well.
Accumulation Zone 325-330.
Stop Loss - 300
Add to your watch list.
@forextidings @investing @TheBreakOut @ExtremeVolume @vijaythakkar009 @RAKESHBANSAL @Vivek-
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Sangam India ....I am seeing this kind of perfect cup after a long!! what a beautiful pattern of C&h.
Sangam India, a producer of polyester viscose (PV) dyed yarn and seamless apparel, has signed a Memorandum of Understanding (MoU) with Rajasthan government to invest ₹1,521 crore in its newly formed wholly-owned subsidiary Sangam Venture.
Promoter holding has increased by 2.30% over last quarter.
Company is expected to give good quarter
Company has been maintaining a healthy dividend payout of 45.20%
The company has a good cash flow management; CFO/PAT stands at 6.12.
The company has a high promoter holding of 61.45%.
TRADE OR INVEST wisely.
WE CAN JUST PREDICT.
Disclaimer: I am not a SEBI...
A nice 4-5 year cup breakout can be seen in Sangamindia whose Neckline is around 326. May Buy 4% above the neckline and 2-3% below the neckline would be SL. Targets may be 30% for T1 and T2 will be another 30%.
Heading towards North - Impressive chart for upmove - Cup & Handle Pattern
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. This analysis may or may not be...
- stock just crossed the strong resistance line and made impulse 5 wave above and closed
- wait for the correction ABC to happen which should retest the support
- entry can be made after correction happens and after price closes above the red line