NSE:SKMEGGPROD Levels are Mentioned in the chart...
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A strong bullish engulfing candle with strong volumes suggesting buy signal. Can go long immediately for risky players or enter after a slight retracement if occurs any. Don't forgot the stoploss level.wait until the target hits.
skm egg product had broken a downtrend in november 2020, which it has retested in april 2021..now looks set up for an upwards journey...till 79...or approx 60% returns..
there are two resistance at 59 and 70 where this stock should take a breather.. and should be accumulated there as well....on falls of 10-12%...
Widening channel pattern.
1. Stock broken the parallel channel and retraced to 0.5 fib.
2. Currently at good price to hold for medium term.
Note: This is not a suggestion to buy and just for educational purpose only.
After a steady fall, price has been in a trading range for a while now. After a potential Wyckoff Spring, price has gotten back swiftly into the trading range. A breakout past the upper end of the range at 78-ish would be a bullish outcome.
SKM eggs is seen in free fall from some time. Fundamentally, a very good company.
This call is for investors only. For investment pupose you can accumulate the stock in the range of 23-43 for long term gains.
It is approaching this zone.
SKM Egg Products Export (India) Ltd. engages in the manufacture of egg products. Its products include egg powder, bakery mix, and liquid egg. The company was founded by S. K. M. Maeilanandhan on April 6, 1995 and is headquartered in Erode, India.