#StrongBuy #SKFINDIA.
Don't miss this Opportunity.
StrongBuy Candidate. #Stock made Higher high in Monthly and Weekly Timeframe. Now in Best #Retracement point with Strong #Priceaction confirming Reversal.
Buy and Hold for Swing and Shortterm targets.
Follow Risk reward and Stoploss 🛑
Support on Weekly Chart:
The weekly chart for SKFINDIA indicates that the stock has found support on the rising trendline. This is a positive sign, suggesting that there is buying interest in the stock around this level.
RSI Divergence:
The Relative Strength Index (RSI) is showing divergence. Divergence between price and RSI can be an early indication of a...
The stock was seen bouncing off an active support/resistance zone of INR4350-4450.
This very zone has been an active zone for the stock since Aug.2022, with several attempts made by both buyers and sellers to breach it.
The sellers in fact were able to breach this zone in March 2023 but looks like the buyers would not give up even then.
After a tough battle of...
SKFINDIA looks good for short term investment...SKF India Ltd is a leading supplier of products, solutions & services within rolling bearing, seals, mechatronics, and lubrication systems
Stock appears to have started the 4th wave correction of higher cycle!
correction can be 50% and time consuming, considering that the 2nd wave correction was 50% and quick.
Seeing a level of 3125.
I can be wrong!
NSE:SKFINDIA
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You are also requested to apply your prudence and consult...
It rallied for some days and then consolidated in a falling flag now it had broken from the bullish flag with a good volume this is pure price action only no indicators are invloved
This is for educational purposes....this is a cup & handle and one can see how it moves up nicely ( shown by arrow). but you could see it go up to 2846...of course market is king and if the broader market is steady it will happen..in any case it has moved up
