Breakout in SIKKOSymmetrical Triangle Breakout Setup
RSI above 65 and rising
Trading above EMA50
Volume increasing
Disc: for study, not a recommendation
SIKKO trade ideas
Sikko Industries is at perfect position to Buy and go long Analysis Done according to Elliott wave theory for holding period 6 to 12 months.
CMP is 103 on 29 October 2024
The correction has completed its Main wave 3 Subwave 2 and now Main wave 3 Subwave 3 is about to start and price can give us movement till 160 to 200 level so keep accumulating this share.
Fundamentally The share has reported highest profit in the year 2024 so price correction is complete and now fundamentals will support its technical movement too.
Sikko- unrestricted-daily-volume-growth-3-months-time-frame-veriSikko- unrestricted-daily-volume-growth-3-months-time-frame-veritas
1) Good level
2) Sloper decreasing
3) Ready to boom ...Multibagger
Triangle breakout- SIKKOTriangle breakout with volume spurt
Trading above EMA50 affirm uptrend
RSI above 70 and rising
