Shankara Building Strong Breakout..
Bullish Candle...
Good Volume..
Only Target 1
Education Purpose Only... Please Consult Your Financial Adviser Before investing..
Please Maintain Strict Stoploss...
Book 70% at Target 1 and Rest Trail and Book at Target 2 ...
Don't Risk More than 1% or 2% of your capital in a single Trade..
Looks Good on Daily Time Frame
Box Breakout
Upward sloping channel Breakout
SL&Target on the Chart.
Wait for Closing to initiate a trade.
Just for knowledge
No Tip/Call.
Shankara Buildcon is nicely absorbing the supply, and looks like slowly the bulls are going to control this scrip. Looks good for 15-20% move from here on.
Stoploss 740
*DISCLAIMER*
This analysis is only for educational purpose. I am not a SEBI Registered Analyst/Advisor. Please consult your financial advisor before taking any position and please use a Stop...
SHANKARA - Is in the bottom of the channel in the weekly timeframe. The stock has been trading in the channel for 4+ years and takes support at the bottom of the channel. It is back to the bottom of the channel and has been in the accumulation phase for the past 15 weeks.
The risk-reward is looking very handsome and the company has stable fundamentals.
CMP:...
Idea is Simple Invest in stocks which Breakout with Volume.
Rather than targeting 20% to 25% profits for most of your stocks, the profit goal is a more modest 10%, or even just 5%.
Rule 1 : Respect Target & Stoploss.
Rule 2 : Hold the Trade until the Rule 1 is not met.
Rule 3 : SL on Day Close Basis
Rule 3 : On result day trail your SL at 15Min Time Frame
31-10-2023
Positional Trade
SHANKARA BUILDING PRODUCTS LTD
CMP 730 BUY on Dips till 650.00
SL CLB 620/590
Targets 800-900-1000-1100
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Regards,
Naresh G
SEBI Reg. RA
Good Positional Trade
Decent RR Ratio
Almost near Major Support
Follow The marked Levels for entry / add on dips / targets
For more info - Plz visit my Profile
Regards,
Naresh G
SEBI Reg. RA
The stock is presently trading below its 200-day moving average (MA) following a substantial increase in profits of nearly 100% since March 2022. Interestingly, the stock was at similar levels during March 2022. During that time, a CWH pattern emerged, featuring a neckline at the 786 level. The breakout from this pattern occurred with significant trading volume,...
- Back in the Previous Supply Zone
- Pullback with low volume
- Gap up opening 22nd Sep and 28th Sep signalling Reversal
- Entry above the Previous Day's High Break
BUY - SHANKARA BUILDING
CMP - Rs. 835
Target - 1: Rs. 1100
Target - 2: Rs. 1336
Target - 3: Rs. 1623
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Timeframe - 4 months - 1 year
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Technicals - Bullish Flag Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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SHANKARA – Weekly Scale - is breaking out from a 73-week base on god volume (2.5 times average; can be over 3 times by EoD tomorrow). Its relative performance to CNX 500 has turned positive; and its momentum indicator, RSI, also entered bullish zone, above 60. If the breakout sustains, an up move of about 30% from B/o level can be expected.
Only personal ...
