Among India's oldest paint companies. Capex for this co is complete and then wont need any capex for the near future. The company is managed by an able management which includes part of the team from APL Apollo. Management has set a vision to take the turnover from approx 350cr - 1000cr over the next few years. Current market cap is barely 1%.
Technically the...
Shalimar Paints Breakout Completed. Time to trade long
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shalimar paint gave a b/o near 85 it went up and retested 85 now expected to move up to next target of 95 100
depending on market.
good time to observe and invest
happy trading.
Price trading inside a channel pattern and currently taking support from the trend line and moving up to break the resistance to reach the channel top that is 85 level. Have your stop below the channel if you enter long now.
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This is a public swing trade idea from "one right trade" and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow it iff you want to get further updates. Our objective to help...
Good results and growth both YOY and QOQ. Go long above marked price and keep a 3% staples as this setup too has failed multiple times previously.
I would wait for the first move before added or look to keep this on the watch list to add on a retest.
SHORT TERM INVESTMENT PICK (3-6 Month):
Looking at chart and price if it breaks above the box 92+ and stay there couple of days will be good move to upside. HOWEVER ONE MUST ENTER ABOVE 106 after seeing comfortable daily closing for few days. We can see 145 or 200 on cards (40% to 80% gain). Don't assume let price show the path.
SHALPAINTS CMP 209 Seen value buy at current
market price stock likely to move above 225-250
in 1-3 week keep watch on stock add more on dees
@190-200 SL 180 On closing basis. Beststockchoice
Its long term trend is up.
In weekly, price bounced from the horizontal support.
price reversed from the 61.8% retracement level.
sl - below horizontal support - 180, tgt - 310.
buy around 150 sl 125 target 210+ time frame 6month
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