Let's begin analysis
Today stock SHALBY Ltd
•This stock was listed in DECEMBER 2017 but stock at 210 level work for that time as support but 2018 March this support break down 40 level it's 400+% down from High level.
•after 400% down stock trying hit and breakout 210 level in August 2021 but it work as resistance.
•stock come upto 100 leve from resistance level of 210, from 100 level stock creating higher high and High low formation.
•Now stock break resistance of 210 with High valume, the valumes are given idea about accumulation of the stock.
•keeping 185 as Stop loss get chance 280+, stock life time High also 270
•risk reward ratio 1:2
no recommendation for but and sell
Today stock SHALBY Ltd
•This stock was listed in DECEMBER 2017 but stock at 210 level work for that time as support but 2018 March this support break down 40 level it's 400+% down from High level.
•after 400% down stock trying hit and breakout 210 level in August 2021 but it work as resistance.
•stock come upto 100 leve from resistance level of 210, from 100 level stock creating higher high and High low formation.
•Now stock break resistance of 210 with High valume, the valumes are given idea about accumulation of the stock.
•keeping 185 as Stop loss get chance 280+, stock life time High also 270
•risk reward ratio 1:2
no recommendation for but and sell