Satia at 137 looking real solid on charts on weekly as well as monthly that is great thing to see.
for long term bet it is becoming terrific
making ascending triangle, break out shall be seen above 145-50 levels.
on weekly it has got support of 200 WMA, which we can take as StopLoss.
as promoters are buying continuously the volumes are spiking.
can take help...
*Satia Industries Ltd*
Rising C&H; Formation on Yearly Basis.
Strong Vol Consolidation, Continued BuiltUp.
RSI: 1H W >M
Out of 42% Upside, now 23% Needed to BreakOut. To be Watched. One done & Sustained, then good to go!!!
*Trail SL with Upside*
*Book Profit as per Risk Appetite"
*_Do Your Own Research as well. This is an Opinion _*
Happy Investing 😇
This stock is ready for big move.
Monthly- Bullish price action and MACD uptick
Weekly- Price is above 50 EMA and Upper bollinger band challenged.
MACD PCO and RSI is above 60
EMAS PCO and volume is good.
Just buy on dips..
The stock appears to be fundamentally robust, with the promoter increasing their holding, and the EPS showing a consistent growth trend. Additionally, from a technical standpoint, it looks promising, especially if it remains above the 118.3 mark.
Satia Industries is one of biggest Wood and Agro based paper plants in India. It manufactures Paper using wood chips, veneer waste, wheat straw, sarkanda etc. The company has manifested itself as quality producer of writing/printing paper.
Satia Paper Mills was set up by Ajay Satia for manufacturing printing & writing paper at VPO: Rupana, Malout Muktsar Road,...
