Skipper had a Blast of nearly 15% today and ended right at the BO zone of Multi year Rounding Bottom BO
On Daily Chart - there is a Cup and Handle Pattern with same BO zone. Above 275 WCB for target of 340
On Monthly Chart - There is a Rounding Bottom pattern with BO above same 275 WCB for Target of 530 almost 2x from CMP
Disclaimer:
Stocks-n-Trends is NOT a...
Skipper Ltd is engaged in manufacturing and selling of Transmission & Distribution Structures and Pipes & Fittings. It also undertakes EPC projects in the infrastructure segment.
This has already given a good runup and has also consoldiated at 200 levels for almost a 90 days.
A high risk reward trade where the SL is 220 and the targets are as marked on the...
Price: ₹ 170.5
💡Fair amount of contraction seen on daily chart.
💡70% upthrust seen in stock recently.
💡Stock Trading above 20 & 50 EMA
💡Breakout above 180 Support 170-72
Don't forget to hit that❤️for a like🔁for a share,and🔖for a bookmark!
Formed Bull Flag Pattern in last 2 years. Recent trend is bearish, it has formed Descendant triangle. Need to break the upper trend line to reverse the trend and bullish breakout.
The stock is in upward trend and currently at support level of the trendline, resistance near 72 is the key, once broken then could reach 180, SL: 48.
Disclaimer: The stock/index/currency discussed do not constitute Investment/trading advise and is merely an effort towards enhancing learning, knowledge and book keeping. Kindly do your own due diligence and/or...
