Sharda Motors giving a breakout after a tight consolidation which could give a return more than 25 percentage for which we can keep stoploss below the Breakout candle or ATR, which ever is suitable for you..
Strong breakout of resistance area Now price resting on resistance level Other stocks in this sector are also performing well Took 40% position Will add more as it unfolds This is a short term - Medium term bet
Company Overview: Sharda Motor Industries Limited (SMIL) is a leading automotive component manufacturer based in India. The company specializes in producing exhaust systems, seat frames, and other critical components for the automotive industry. With a strong presence in both domestic and international markets, SMIL has demonstrated consistent growth and...
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
Price break life high after strong consolidations ... if price not break previous swing low then high probability we will see a continuation move .
NSE: SHARDAMOTR is closing with a bullish consolidation candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 8% to 12% gain on...
ShardaMotr: (Short) Another leg of corrections are due on the chart.
it has been made an IHnS Pattern not it is retesting, good RR can be taken.
After a long correction the stock start moving towards lifetime High. Comming target 1000
Sharda Motors is now completing symmetrical triangle patten wait for breakout then take entry.
Trade setup: Weekly: Cup and handle breakout done with huge volumes. After that, consolidation done and another breakout with volumes. One can also consider this as Flag and pole pattern. Also, taking support at trend line. Entry = CMP ie, 789 INR Sl = below trend line or swing low ie; 650 INR or 50 EMA Target = 1079 INR (length of pole) RR = 2.07 Since there are...
The stock looks good above 692 (safer above 700) level for further 8-10 percent move positional. Its a 5 percent upper circuit stock therefore I suggest to go for less quantity.
After the previous cup pattern breakout, it rallied and now is in correction mode. Once it made a breakout in day candle then it will be good for swing. Targets level will be blue lines and dashed lines.