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SHRIRAM PIST. & RING LTDSHRIRAM PIST. & RING LTDSHRIRAM PIST. & RING LTD

SHRIRAM PIST. & RING LTD

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SHRIPISTON trade ideas

Shriram Pistons & Rings Limited - Breakout Setup, Move is ON...#SHRIPISTON trading above Resistance of 2282 Next Resistance is at 3568 Support is at 1486 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:SHRIPISTONLong
by MandeepSinghKohli
Shriram Pistons & Rings Limited - Long Setup, Move is ON...#SHRIPISTON trading above Resistance of 1210.50 Next Resistance is at 2282 Support is at 842 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:SHRIPISTONLong
by MandeepSinghKohli
1
SHRIPISTON bullish; above 2200 ? - 1st Week_ SeptemberSHRIPISTON: Bullish if ~ 5 Month long consolidation range is broken on good volumes and sustains. The above information does not constitute investment/trading recommendation and it is purely for educational purpose.... INTRADAY Trading Strategy in 3 stages of breakouts: 1) Impulse upmove stage: The strong upmove (nearly upto 1.5% from trigger-price) happens within five minutes. "High Risk Traders" buy on breakouts in hope of continuation of upmove. "High Risk Traders" may have to patiently wait through the Pullback-Consolidation stage to realize profits. High risk:High reward set up as breakouts may fakeout (reversal)also 2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage"). "Safe traders" with minimum risk profile wait for a breakout from the consolidation stage to enter into trade , to book high profits in the final "Breakout continuation" stage 3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.(another 2-3%) Both Safe Traders/High Risk Traders book profits at this stage SWING Trading Strategy: Position is kept open, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%) The above information do not constitute, financial, investment, trading, or other types of advice or recommendation. It is purely for educational purpose....
NSE:SHRIPISTONLong
by JJ_Breakouts
Long Term Investment Idea in Piston Making CompanyHello Everyone, i hope you all will be doing good in your Life and Trading as well. Today i have brought an investment idea for long term on Auto component making company, which is primarily engaged in the manufacturing of pistons, piston pins, piston rings and engine valves for various automotive companies in the domestic and export markets. The company's product portfolio includes a broad range of Pistons, Piston Pins, Piston Rings, Engine Valves and Cylinder Liners. The company's product portfolio includes a broad range of Pistons, Piston Pins, Piston Rings, Engine Valves and Cylinder Liners. The Co.’s customer base includes most of the OEMs in India like Maruti, Mahindra, Honda, Ford, Nissan, Tata, Bajaj, Hero, TVS, Yamaha, Ashok Leyland, Daimler, VE Commercial, Swaraj, and various others. It also caters to global OEMs, namely Jaguar, Land Rover, JCB, BMW Motorrad, Volkswagen, Rotax, ZF Wabco, Yanmar, etc. The Co. has 3 manufacturing plants located across Uttar Pradesh and Rajasthan. Assembly units are located at Gurugram, Pune, Hosur, Becharji (Gujarat) and Sahibabad. The Co. has various technical collaborations in different areas with KS Kolbenschmidt GmbH, Germany; Honda Foundry Co. Ltd, Japan; Riken Corporation, Japan and Fuji Oozx Inc, Japan. Company is totally good as Technically and Fundamentally with good management. Stock has given Multi Year breakout with good Volume. there is higher probability, we can see follow through momentum. Market Cap ₹ 7,884 Cr. Current Price ₹ 1,790 High / Low ₹ 1,790 / 491 Stock P/E 19.1 Book Value ₹ 394 Dividend Yield 0.28 % ROCE 24.7 % ROE 20.8 % Face Value ₹ 10.0 Industry PE 33.3 Debt ₹ 333 Cr. EPS ₹ 94.0 Promoter holding 46.8 % Intrinsic Value ₹ 1,208 Pledged percentage 0.00 % EVEBITDA 11.0 Change in Prom Hold 0.00 % Profit Var 5Yrs 16.0 % Sales growth 5Years 8.57 % Return over 5years 28.7 % Debt to equity 0.19 Net profit ₹ 414 Cr. ROE 5Yr 13.1 % Profit growth 63.2 % Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:SHRIPISTONLong
by TraderRahulPal
"SHRIPISTON: Navigating Opportunity with Caution"Description: 📈 SHRIPISTON: A Careful Approach to Potential Gains! 🚀 Discover an opportunity with SHRIPISTON, a stock that requires a cautious strategy due to its unique characteristics. Here's why this trade deserves your attention: Key Points: 📊 Entry Price (in Rupees): Consider entering the trade at Rs 1100, positioning yourself for potential gains as SHRIPISTON unfolds. ❌ Stop Loss (in Rupees): Protect your investment with a stop loss at Rs 890. This level acts as a crucial safety net in case the trade doesn't go as planned. 🎯 Target Price (in Rupees): Our target is set at Rs 1700, representing a significant potential upside. This is where you may contemplate taking profits. 🕒 Trade Duration: Plan to hold this trade for 45 to 90 days, providing the necessary flexibility to capture potential gains. 📈 Risk-Reward Ratio: The risk-to-reward ratio for this trade is approximately 1:2.11. For every unit of risk, there's a potential reward of 2.11 units, resulting in a risk-reward ratio of "1:2.11." 🚀 Trade Strategy: Exercise caution while trading SHRIPISTON. Keep your stop loss intact and trail it periodically to secure gains as the stock progresses. 📉 Low Tradable Volume: Be mindful of SHRIPISTON's low tradable volume, which can result in upper or lower circuit limits being reached unexpectedly. Trade with caution. 📉 Correction from Highs: The stock has experienced a correction from its higher levels, potentially providing an attractive entry point. 📊 Trading on Support Area: SHRIPISTON is currently trading within a supportive area, offering a favorable entry zone. 💰 Favorable Risk to Reward: Despite the unique challenges, this trade presents a favorable risk-to-reward ratio, allowing you to aim for higher rewards while managing risk diligently. This trade idea offers a comprehensive plan, complete with a calculated risk-to-reward assessment. Approach SHRIPISTON with caution, considering its low tradable volume and potential circuit limit fluctuations. Exercise prudent risk management to navigate this opportunity. Happy trading! (Note: Always conduct your own research and assess your risk tolerance before executing any trade. Trading involves risks, and past performance is not indicative of future results.) 📊💼🧐
NSE:SHRIPISTONLong
by We_Learn_Investing