After 7 years of down trend finally price break the multiyear resistance and price ready to touch its life high because larger the consolidations stronger the move . Previous weekly swing low act as a exit point .
S H KELKAR AND COM is approaching towards the breakout zone.
above the level of 182 it can show the strength.
levels marked on the chart
volume spurt in last two weeks
SHK
Gave breakout of inside bar.With strong volume.Looks good for swing trade.
Trading at at 161
Keep sl at 145
Target can be
210
Disclaimer :- script disscussed only for education purpose. It is not any recommendation to buy or sell. You will be fully responsible for your profit and losses. If you have any question about my analysis, you can whatsaasp me...
Another interesting technical chart..
The stock has shot back above the 200EMA and also broken out above the diagonal trendline resistance.
Long at current price 148.50 with Stoploss below 141.
SHK on weekly breakout a d also formed inverted Head and Shoulder.. buy above 168 for the target of 200/250/300/350... SL 20 SMA WCB/MCB..
Note:- I am not Sebi registered analyst.. before entering in to trade ask your Sebi registered advisor.. Chart is for learning purpose only..
#LearnToEarn
