SIYSIL had been rangebound since end December 2020. The stock broke out with a runaway gap this Friday to close well above the recent weekly resistance level of 216. This breakout is supported by fairly high volumes and the up move will probably continue going forward.
Since the bottom in early 2020, the stock has moved up in a clear rising channel as shown in...
Suggested by @monkmaxims
Most Textile sector stocks are breaking out of their bases. This is setting up in a flat base for 6 months on good volumes (Monthly chart shows ATH volumes).
Hopefully we'll see a breakout soon.
Moving along with sector.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle /...
DAILY SWING CALL // Wednesday 24th of February 2021 / NSE:SIYSIL
// This is a swing trade call and not an intra-day trade. Please do not expect the stock to go up on the same day of posting or within a few sessions. Please follow the notes along with the posting before, during and after entering the trade //
CMP / LTP: 219.55
TARGET: 252+ (15% Around)
STOP...
Please enter the trade once u get a proper breakout or reversal from the levels, Do not hesitate to contact me with any queries. Kindly support my views. Thanks
SIYSIL has been consolidating b/w Rs 100-150 to form a bottom since March 2020. It broke out of the range to cross Rs 150 in the week of 3 Aug 2020, and has shaken out weak hands on 31 Aug. Since March 2020, > 9 million shares have traded in high volumes, against a float of 15 million shares available to public. This is a significant amount of trading within 4...
