SMCGlobal is a small cap company which is involved in broking related activities.
As we know, share market industry has big potential, this company has big scope to grow exponentially.
Technically, stock has given ascending triangle breakout and has completed retest of same.
Risky investors should not miss this opportunity of making multibagger returns.
Stock is...
Stock gives breakout of previous high and giving strong upmove indications.
CMP : 150.55
Target :173.25
Stoploss : 139.25
This is not a buy or sell call, this analysis is shared for educational purpose.
Smc Global securities looking good for 6-12 months view.
Well diversified business. Valuation is affordable.
Highest ever weekly volume. Expecting strong range expansion.
Above all key MA.
Stage 1 BO with Volume
Stock consolidate near RT, Formed VCP Bo with volume
EMA rule in place 7.59% from 50EMA
RS Line making 5WH
MACD Crossover
Mindset Calm, following my rules
NOTE: Market fell hard during closing
SMC Global is looking good on weekly time frame. Stock is trading near fresh breakout level after retesting previous breakout zone. Keep on radar. Related sector is also showing good momentum.
📌SWING TRADE FOR NEXT WEEK🚀
Hello guys,
I am a swing trader by passion i only trade on swing stocks.
📌I post daily SWING CHARTS analysis on my trading view profile..
so let's start
📌TRADE ANALYSIS OF SMC GLOBAL:-
•Breakout of symetrical pattern on WTF with strong candle
•Break counter trend line and hidden lines
•Volume increases last few weeks high...
SMC Global is looking good on daily time frame. Stock is breaking the resistance with volume. Keep on radar. Brokerage industries is showing good strength.
Stock seems to be at the perfect levels with good volumes. Price has returned to the point of listing price. With a SL of 85, stock has a very good potential for good returns.
