SKM Eggs potential multibagger
---Most of the details are mentioned on the chart itself!---
Technical Analysis:
Stock has corrected more than 50-60% after reaching ATH last year.
Currently it is at good support levels and might be in accumulation phase.
Breaking this support zone will be crucial and you must check quarterly/Yearly results reports for more clarity.
At Daily chart RSI is moving in 40-60 range from last 6months. On weekly it's in 45 range.
Also watch out for 50-200 MA cross over!
If all fundamentals are good then strategy will be buy on dip.
Remember that major market correction impacts heavily on small cap stocks.
Important Disclaimer:
I am just a student in stock market and recently started reading fundamentals.
I am documenting my analysis and trades here.
This is not a BUY/SELL recommendation.
Its for EDUCATIONAL purpose only.
Your feedback will be much appreciated!
Technical Analysis:
Stock has corrected more than 50-60% after reaching ATH last year.
Currently it is at good support levels and might be in accumulation phase.
Breaking this support zone will be crucial and you must check quarterly/Yearly results reports for more clarity.
At Daily chart RSI is moving in 40-60 range from last 6months. On weekly it's in 45 range.
Also watch out for 50-200 MA cross over!
If all fundamentals are good then strategy will be buy on dip.
Remember that major market correction impacts heavily on small cap stocks.
Important Disclaimer:
I am just a student in stock market and recently started reading fundamentals.
I am documenting my analysis and trades here.
This is not a BUY/SELL recommendation.
Its for EDUCATIONAL purpose only.
Your feedback will be much appreciated!
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