This scrip nearly 5 times it tried to break the resistance I hope this time it will and give breakout. So traders keep on your radar to catch the momentum.
Watch SRIPIPES today. Simple breakout from descending trend line. Looking good for upside targets of 250+.
Please note I’m not a registered analyst.
Please analyse your self before investing.
After making low in Oct 2020, Stock has recovered with making higher high. Stock is moving in a wedge and is ready to give a wedge breakout. It has also given rounding bottom breakout on a daily chart. We can expect rounding bottom target of 235 in the near term. Also, the stock has the potential to break wedge and can give further target up to 300 in the mid-term...
Detailed including Levels, Plotted & Mentioned on chart.
Best Entry Level @ 307 to @304.
Trade as per Specified level with description.
Disclaimer: Information given here, Study/Education purpose only.
For taking trade decision Consult with your Financial Advisor.
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Snapshot of WEEKLY Chart
Srikalahasthi Pipes Ltd. engages in the manufacture and sale of pipes. Its products include ductile iron and flanged pipes, cement, coke, and pig iron. The company was founded on November 1, 1991 and is headquartered in Chittoor, India.
NSE
