Good to see Sanwaria was able to hold support at 13.80. If it crosses 15.80 on closing basis, then the stock will be out of descending angle's influence. Going ahead the next progressive targets will be 16.10 and a medium term target at 20.80. Thanks.
The stock has a multiyear support at 24 which will form the base for the next rally if Nifty is in uptrend if this support is broken the next support will be at 20 levels.
Once can accumulate the stock for long terms and keep adding on dips the stock is in strong uptrend and has good potential owing to its exposure to Patanjali which is doing too good.
Stock just accumulation by big players see in chart there is high volume and stock now rising and given new breakout buy here for target 26 with sl 3 time frame will be 150 trading days to 260 trading days,
It has been observed in the monthly chart price action is above the long term support area . Heavy volume shows the stock is in accumulation phase. It shows how the investors are accumulating their assets. Since the accumulation has taken more duration I expect this stock to move upside with full strength. A good investor always finds a stock when it is in ...