BUY - SHRIRAM PROPERTIES LTD CMP - Rs. 75 Target - 1: Rs. 93 Target - 2: Rs. 110 . Timeframe - 6 - 12 months . Technicals - Trendline Breakout . This is just a view by an expert analyst, please invest at your own risk. . Follow me for more!
📌Stage 2 Breakout under process ✅Stock for next Week #SHRIRAMPPS - Descending Triangle Pattern - Good accumulation Volume - Above Key EMAs - Bullish RSI
Buy in between 67-69, keep sl 65 on closing basis Note:- Only for educational purposes.
start adding this share in every dip for the of 100, stoploss at 68
NSE:SHRIRAMPPS has broken RESISTANCE, Volumes are higher than average. Lets see if the breakout persists.
NSE:SHRIRAMPPS has been trading below its resistance line for a while now and today it has broken resistance as well as 100 EMA. Long position can be taken only after candle closing above resisitance.
NSE:SHRIRAMPPS currently in triangle pattern now Buy if candle goes above 83. Target around = 30% Else if candle moves opposite direction. Target only 5%
*for educational purpose only it's not a call. Stock is trading in falling expanding channel. It's near to breakout soon. Keep watching it.
*For educational purpose only . 1) trading in a falling channel pattern. 2) price is near to previous support, that has become resistance now. 3) above 75-76 no resistance till 115. 4) forming rounding bottom with cup & handle pattern. 5) In last quarter company has given outperform results. 6) stock is near to it's verge of breakout. 7) RSI is showing strength.
ONE MAY ENTER WITH CHANNEL SL . RSI breakout also ,
Looks like an Rounding bottom BO , have good chances for mid to long term ! Do your own analysis before trading as per levels given ! NSE:SHRIRAMPPS