Suryaroshni is falling after a poor revenue but the company looks promising for a big move in coming months. You can enter as per your risk apatite.
NOTE: I'm not a SEBI REG. Study before investing.
Greetings traders! 👋 Today, I'm sharing my analysis on SURYA ROSHNI, which is showing a Breakout and Retest setup with volume build up. Here's a breakdown of the setup:
📌 Setup: BREAKOUT and RETEST SETUP
🔍 Analysis: I've conducted a thorough analysis on multiple timeframes, confirming the breakout and retest.
📊 Indicator Support: Momentum indicators are showing...
📊 DETAILS
Sector: Diversified
Mkt Cap: 7,063 cr
Surya Roshni Limited incorporated in 1973 has emerged as India’s largest ERW Pipes exporter, largest GI Pipes producer, and the second largest in the lighting segment. Its focus is on developing the value-added product mix (3LPE Coated pipes, Alkyd pipes, etc.)
TTM PE : 18.55 (High PE)
Sector PE : ...
SURYA ROSHINI
Forming a bullish pennant in 15 minute time frame.
Bullish breakout in daily timeframe.
Highest volume in a year.
Possibility of a breakout trade.
Disclaimer:
For educational purpose only.
Please do your own research before taking any trades.
Happy Trading!
SURYAROSHNI is showing cup and handle Breakout on weekly chart. fundamental is also good. check on ( www.screener.in ) Volume is also good.
CMP : 975
TG : 1400
SL : Below 21 EMA
Stock's selection based on 5 Point Analysis:
1: Idea : Breakout.
2: Support : Volume, Delivery & VWAP.
3: Technical : 9/21/55/200-EMA, RS>0, MACD, RSI & Super trend up.
4:...
SURYAROSNI Bullish; above 581 on Thursday 19 Oct.
The above information does not constitute financial/investment/trading advice or recommendation and it is purely for educational purpose.
SWING Trading Strategy:
One may enter into a position only upon stock closing above the entry price on day closing basis and hold on for 5/10 trading sessions for...
Surya Roshni has formed a good rounding bottom pattern which was a result of good consolidation and correction from Oct 2021 to May 2023. It is now almost at its previous all time high level of 867. Its a very bullish formation and the target price can be 1150 within the next 3-6 months time. The neck line is around 830 and if the price holds above 830 for this...
Charts are the self explanatory. Please go through the charts for getting Target and Stop Loss
Points to note:
1. Trade duration - min 60 days
2. Stop Loss - Mandatory
3. Trail Stop Loss time to time
#SwingTrading #StocksToTrade #trade
After a log base of almost 2 years it went under consolidation of 16weeks with 22% range near the ATH zone (745-867).
A previous failed attempt is taken out this week with decent volumes. Now it shall sustain above 855 levels.
Upper side 1125 - 1345 - 1625 levels are the possible targets as per trend based fib.
Its above all the key moving averages....
Swing stock :- SURYA ROSHNI
Buy above 940+
SL 888
TARGET 1110+
SECTOR #SOLAR ENERGY
Disclaimer:-This is not a buy and sell tip it's only for educational purpose analysis.we are not responsible for your profit and loss.
#Swastik_capital
Surya Roshni hits record high, surges 9% on healthy business outlook
The steel tubes and pipes manufacturer aims to maintain a positive export momentum of value-added products, particularly API pipes, to various regions, despite facing geopolitical challenges.
hares of Surya Roshni hit a record high of Rs 972.65, as they rallied 9 per cent on the BSE in...
SURYAROSNI
Buy above 833
SL below 720
Targets: 851/931/995/1058/1147/1264/1600
Failed Breakout after Long multi-month Cup&Handle pattern.
Trading in a 3-4 month accumulation range.
Taken support at 100 EMA twice
Expecting a breakout from the accumulation structure.
**For Educational purpose only++
As per the recent results which are good in numbers on QoQ basis and the technical setup, the stock seems bullish in near future. One can buy as positional entry with strict stop loss below 750.
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Surya Roshani has given breakout from cup and handel pattern and target as per cup depth comes out to be Rs 1330 . Pattern will be Invalid below 750 on closing basis.
For education purpose only
#SURYAROSNI trading above Resistance of 804
Next Resistance is at 1263
Support is at 521
Here is previous chart:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your...
