Happy_Candles_Investment

DCM Shriram slowly forming a cup and handle pattern.

Long
NSE:DCMSHRIRAM   DCM SHRIRAM LTD
DCM Shriram Ltd. is a diversified company with business in Agri, chemicals, plastics, cement, textiles and energy services. DCM Shriram Ltd CMP is 960.15.

The Negative aspects of the company are Declining annual net profit, MFs are decreasing stake. The positive aspects of the company are No debt, zero promoter pledge, FIIs are increasing stake, Improving cash from operations annual.

Entry can be taken after closing above 969. Targets in the stock will be 1001 and 1045. The long-term target in the stock will be 1094 and 1119. Stop loss in the stock should be maintained at Closing below 923.

The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.

Happy Candles Investment
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