ParamjitMahapatro

samkrg piston & rings looks bullish in medium term

Long
BSE:SAMKRG   SAMKRG PISTONS & RINGS LTD.
In weekly, price broke the previous peak with high volume, also price closed above upper BB and BB is expanding,
In daily also price broke out of horizontal resistance with good volume,
fundamental view - healthy growth in profit, positive cash flow, cheaper valuation in comparison to peers, healthy dividend payout,

with an initial sl - 290, one can ride the uptrend here,
Transaction en cours:
after a retracement, morning star formed at horizontal support.

Also taking support at 20 MA
Transaction en cours:
price bounced from the support level
Transaction en cours:
volatility decreasing and BB is squeezing
Transaction en cours:
till now 365.55, price closed above horizontal resistance with good volume and closed above upper BB
Trade fermée manuellement
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