this week double bottom breakout observed in Shyam Metalics(CMP 370).
Short term target 398 if this week closing observed above 378. 2nd target 459 and then 523(time 6-12 months).
Disclaimer: this is my chart analysis not personal opinion to buy, before buy consult your money adviser. i am not sebi register person.
We can see here share is trading in a channel on bullish side and target as per Fibonacci retracement is 2696 INR.
Disclaimer: i am giving just my personal view on this chart. not giving any buy or sell call.
Devyani trading near its 20 days EMA. near time it can touch 20 EMA and then there is a possibility of bull run. we can take buy position if RSI above 60 and if there is breakout of ascending triangle on chart.
