SH Kelkar.. good fundamental, market leader in segment..CMP:163.50 sl:140(wcb) target: 210/250/325 Note: educational post
script is at a good support. keep on radar. *for educational purpose only*
This scrip is expected to give breakout in the coming days.. So traders keep on your radar to catch the momentum. Thanks to all 🙏🙏🙏
SH KELKAR CMP 182.50 breakout retesting going on can be add in dip 173-170 till support for short term trade near 145
the stock has completed its downtrend and now after accumultion phase its forming first higher high and with price volume action ...levels as mentioned in the chart
Stock has formed rounding bottom pattern, with positive momentum. After getting its first resistance breached at around 140 levels, now the stock is trading near its next resistance levels of 195-198. Also, some good volume action can be noticed in current week trading. Now, one can keep the stock in watch-list and any close above 200 levels on weekly CB, longs...
shkelkar...today giving good upmove.. so observing its pattern and levels on monthly chart as longterm.. one may see accumulation face too. some news of biggest mfg from same feild bought some share there.. decide on ur own after confirming ..as risk is yours.
"SHK CMP: 183.5 Good Risk reward of 2.02 Buy above : 183 Stop loss: 140 Target: 270 Return of 47.54% expected Pattern: All levels are mentioned on the chart. Keep an eye."
Reasons and indicators to buy: -RSI Above 60 -MACD Crossover -Today's volume greater than the past 5 trading sessions
CMP : 148 SL: 140 T1: 176 Risk:Reward = 1:4.5 Yellow trendline is a strong support along with 200 MA (Blue line). Entering at this point gives good risk reward. #HappyEarnings
Need to break 0.618 levels to break downtrend conclusively and become candidate for long term investment. Till then, possible to do swing trading - refer to SHK DAILY post
According to Elliot wave theory, if we analyze the pattern we can clearly see that the forth cycle as not completed yet, hence the 5th bull run is still there
shk is a investors choice stock with good fundamentals, good balance sheet. Technically it broke weekly resistance and took a support and seems like ready to go to moon, its a good swing trade cmp is around 164 target could be 230+
*For educational purpose only,it's not a call do your own analysis. Stock has given Breakout and done the retest.
SHK looks good for swing as it as taken a support reversal. Risk-Reward ratio is good. Upper resistance line will act as target.
A Swing trade opportunity is found in SH Kelkar and co. as: 1. Price reversed from lower trend line of parallel channel. 2. Continues hidden bullish divergence is observed between price and RSI. ie, while price making higher lows, RSI makes lower lows. SL: 161 Target: 198+ Happy trading..!!