Shriram Pistons showing a rising trendline breakout on the monthly timeframe, accompanied by an 8-year breakout.
Shriram Pistons & Rings Ltd is primarily engaged in the manufacturing of pistons, piston pins, piston rings and engine valves for various automotive companies in the domestic and export markets. The company's product portfolio includes a broad range of Pistons, Piston Pins, Piston Rings, Engine Valves and Cylinder Liners
The charts are self explanatory. Good at level of 1000-1050.
The company recently acquired a 51% stake in EMF Innovations, a Singapore-backed e-mobility solutions provider to strengthen its foothold in the fast-growing e-mobility space. Furthermore, SPRL entered into an agreement to purchase a 75% shareholding of Takahata PRecision India, a manufacturer of precision moulded parts for automobile and industrial purposes. The...
A good stock which looks technically and fundamentally attractive
Buy within 5% above the resistance level and put stoploss 5% below the resistance level.After it reaches target put super trend as a trailing stoploss and exit when it hits the supertrend with full quantity.