The Stock seen strong reversal from lows and moved well with volumes, strong support is at 600 same will be SL in any case stock give close below this level, fresh buy can be good at 640-660 level, the targets are at 850, 950 and 1050.
SRHHYPOLTD NSE is bullish if 520 holds. NEW LIFETIME High. Fresh Breakout. Positive Trend.
Disclaimer: Educational Purpose Only. Not Buy Sell Reco . Not Sebi Registered.
SRHH follows a bullish trend in the charts. , after retracement from higher levels stock is finding support at 440 levels and continues its upward momentum. RSI also looks strong. Now a break above 505 will take to 542 / 602 / 640
Aim for 5-8%. It can be easily achievable in 1-3 days.
My belief is to choose high winning probability trade with a risk-reward ratio going from 1:1 to 1:2.
The reason for booking profit of only 5-8% is because the market direction is not sure at this point. So better to aim for 1:1 risk-reward and rotate your money in better opportunities.
Take trade if all...
Sree Rayalaseema Hi-Strength Hypo Limited is an India-based manufacture of inorganic chemicals. The Company is engaged in manufacturing and sale of industrial chemicals and generation and distribution of power.
