SHYAM METALICS - CONSOLIDATION BREAKOUT ON RADAR
RSI on all time frames above 60
Breakout with volume
Narrowing Bollinger Bands on weekly charts
Long consolidation breakout after a trending move
Breakout supported by strong volume
Major support near 660-710 zone
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
Breakout with volume
Narrowing Bollinger Bands on weekly charts
Long consolidation breakout after a trending move
Breakout supported by strong volume
Major support near 660-710 zone
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
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