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Nice rounding formation on weekly!! Needs close above 115 on weekly for a move upto 150 to 180
SKMEGGPROD is accumulating. Chart tells the detail.
Price has been stuck in a small range. A breakout past 78.25-79 zone would push the stock into mark-up phase. Will the breakout happen? I would rather wait...
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.
SKMEGG bounced from lower trend line The low was squared. One can go long for target 58 with sl 51
Have a look at the chart annotation