SHANKARA BUILDING PRODUCTSAFTER A LONG FALL PRICE HAS FORMED A GOOD BASE ...TRYING TO BREAK THAT LEVEL..BUT LACK OF MOMENTUM OBSERVABLE..IF STOCK BREAKS WITH GOOD MOMENTUM AND SUSTAINS THEN WE WILL SEE AN UPMOVE..
SHANKARA trade ideas
Shankara Building - 3yr Breakout with massive volumeSL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis)
BUY GUIDANCE:
Never ever buy before 3PM. I have been burnt many many times. Try to buy between 3:15 - 3:30PM, later the better.
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Note: I reserve the right to be wrong.
DISCLAIMER:
I am not a SEBI registered analyst. Please consult your financial advisor before investing.
SHANKARA BUILDING PRODUCTSWatch SHANKARA BUILDING PRODUCTS on a weekly timeframe nearing the descending trendline (almost fifth time).
If it breaks the trendline and sustains, we can see 600+ levels then 1000 levels.
Please note I’m not a registered analyst. Please analyze your self before investing.
Heading towards cup and handle pattern ✌✌This scrip is expected to form cup and handle pattern. Sometimes this type of pattern gives good returns. So traders keep on your radar to catch the momentum.
SHANKARA at Support , can give 30% returns I will buy SHANKARA because :
It has been taking support at the trend line .
It has touched the support 2 times and has not been able to break it.
So will be looking at buying opportunities.
If it breaks the support look at shorting
Entry : 371
Target : 450/500
Stop loss : 359
Inverted head and shoulders patternShankara buildcon has made IHS pattern. Looks good for 498. If closes above 498 on daily basis then 580 can also come. Not meant for any tip or call.
SHANKARANote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
Shankara Buildcon - Cup and handle formationEnter the this stock above 470 day closing candle for positional.
Shankara Building Products solid mover!BSE:SHANKARA moving well and will by the channel in the chart keep bullish for long term perspective.
Long Term Target of Rs900.
As the demand pick up for Infrastructure and related segments this counter will see good growth in coming years.
SHANKARA BUILDING PRODUCTSSHANKARA BUILDING PRODUCTS on weekly basis taking support at the ascending trendline. We can see some upside if it sustains.
Trying to come out of prolonged price sqeeze. keep on radar!Bounce will be ferocious! it might hit 550, 990 in quick time!
NOT SEBI registered. Charts produced here are for personal reference only and not any recommendation.
SHANKARA - 2 Years of consolidation near Lifetime lowHi Investors,
SHANKARA has been trading near its life time low (LTL) for two years now. Looking good for a long-time breakout with 435. Rest explained in the above chart.
I hope you will benefit from this knowledge
-MetaVish
shankara long,potential multibagger stock from heretargets on chart
good accumulation/bottom formation
a close above 323 should be the trigger for rapid move UP
2019 entire year was one of consolidation for this stock
first 560
