SAMKRG PISTONS & RINGS LTD.
Long
Aggiornato

samkrg piston & rings looks bullish in medium term

168
In weekly, price broke the previous peak with high volume, also price closed above upper BB and BB is expanding, istantanea

In daily also price broke out of horizontal resistance with good volume, istantanea

fundamental view - healthy growth in profit, positive cash flow, cheaper valuation in comparison to peers, healthy dividend payout,

with an initial sl - 290, one can ride the uptrend here,
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after a retracement, morning star formed at horizontal support.
in.tradingview.com/x/vbUn9sKZ/.

Also taking support at 20 MA istantanea
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price bounced from the support level istantanea
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volatility decreasing and BB is squeezing istantanea
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till now 365.55, price closed above horizontal resistance with good volume and closed above upper BB
istantanea
Trade chiuso manualmente

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