SHEMAROO ACCUMULATION SEEN NEAR LOWER END OF PARALLEL CHANEL
Shemaroo has been following a upward parallel channel for past 4 yrs.
Higher volumes on monthly timeframe in past 1 yr suggest accumulation in this stock.
Near 145-155 levels there is a good risk reward opportunity for going long. Buying zone near 150 levels; tgt 225>>255>325; once can keep 125 stop on weekly closing basis.
Higher volumes on monthly timeframe in past 1 yr suggest accumulation in this stock.
Near 145-155 levels there is a good risk reward opportunity for going long. Buying zone near 150 levels; tgt 225>>255>325; once can keep 125 stop on weekly closing basis.
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