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
BSE: 513605 | NSE: SRIPIPES
Previous Close as on Friday, December 22th, 2017, 3:40 PM: ₹405.95
Buy at: ₹404-406
Stop-Loss at: ₹400
Target Price: ₹415
Duration: within 2 weeks
Not guaranteed as the stock market is subjected to market risks. These calls are based on my own research and are meant...
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.