0%
0%
0%
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2.55INR
23.518MINR
340.708MINR
2.75M
About SILGO RETAIL LTD
Sector
Industry
CEO
Nitin Jain
Website
Headquarters
Jaipur
Founded
2016
ISIN
INE01II01013
Silgo Retail Ltd. is engaged in the manufacture and trade of silver jewellery and related business. Its products include rings, earrings, necklaces, pendants, bracelets, and bangles. The company was founded by Nitin Jain on January 9, 2016 and is headquartered in Jaipur, India.
SILGO – Can we see change in Trend ??NSE:SILGO
Time Frame – Weekly
Technical Observations –
1) Falling wedge pattern and channel pattern (Yellow area) form
2) Regular bullish RSI divergence seen
3) Now scenario 1 – Price may break the resistance trendline of both the pattern or
4) scenario 2 - Price may break the resistance tre
SILGO RETAIL, Close to the Apex of Bullish Reversal PatternSilgo Retail has been on quite a downfall since it's IPO, barely crossing 67 on the Upside and 35 on the Downside.
With a sporadic 20% Upper Circuit on 22nd of June, the Price Action is creeping closer to the Apex.
Expecting a good rally with Targets being at 45, 56, 60, 67 with Stop Loss at 38.
N
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