Shilpa medicare on a Huge yearly Breakout !!Shilpa Medicare has given Multiyear Breakout !!
Stock has been consolidating from 2015
It's been almost 8-9 years stock has given No Returns
Stock has made Symmetrical Triangle pattern on a monthly timeframe
Pattern is showing targets of 1200-1300 in coming months
Thank you !!
Shilpamedicare
SHILPAMED (NIFTY_500) CLOSING ABOVE ALL THE MAJOR SMA
SHILPAMED (NIFTY_500 ) Closing Price of 14/05/2021 has crossed all the major simple moving averages including 5, 10,15,20,50,100 Days.
The closing price is hovering near to its 200 days daily moving average which also act as major resistant for the stock.
There are very good chances that it would cross the 200 days SMA and can show a good rally.
Disclaimer: - The view expressed here does not in any sense pursue anyone to trade in the above stock. This is only for knowledge purpose. Person taking position in above stock will be personally responsible for the potential loss and will personally enjoy all the potential rewards.