POV : SRM : SRM CONTRACTORS LTDPOV : SRM : SRM CONTRACTORS LTD
Chart Shows symmetrical triangle pattern which is broken today with 10.93% gain, closed at all time high.
expecting to climb pattern target around 345.
SRM trade ideas
SRMBreakout happend in this stock.
Keep your risk and reward ratios according to your own preferance.
This is for educational purpose, do your own research before investing.
SRM1. Anything can happen.
2. You don't need to know what is going to happen next in order to make money.
3. There is a random distribution between wins and losses for any given set of variables that define an edge. No other thoughts
4. An edge is nothing more than an indication of a higher probability of one thing happening over another.
5. Every moment in the market is unique.
#SRM_Contractors All time high breakoutTechnical Analysis -
Resistance of Rs.240 is broken with huge volumes, potential to very high return in 1-2 years.
Fundamental Analysis -
Company is an Infrastructure player majorly works in Jammu & Kashmir region. Main clientele of this company is mainly Govt. companies like Border Road Organization, Indian Railway, National Highways Authority of India, etc.
Recently won 3 orders of new projects combined worth 568.25 Cr. Making their orderbook of 1248.25 Cr (guesstimate it can be more)
SRMSRM CONTRACTORS LTD has breakout IPO price level and waiting for weekly candle closed and this analysis just for educational purpose not any buy and sell recommendation
