samkrg piston & rings looks bullish in medium term

تم تحديثه
In weekly, price broke the previous peak with high volume, also price closed above upper BB and BB is expanding, لقطة

In daily also price broke out of horizontal resistance with good volume, لقطة

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,
تم فتح الصفقة
after a retracement, morning star formed at horizontal support.
in.tradingview.com/x/vbUn9sKZ/.

Also taking support at 20 MA لقطة
تم فتح الصفقة
price bounced from the support level لقطة
تم فتح الصفقة
volatility decreasing and BB is squeezing لقطة
تم فتح الصفقة
till now 365.55, price closed above horizontal resistance with good volume and closed above upper BB
لقطة
تم إغلاق الصفقة يدويًا
breakoutbreakouttradingBullish PatternshighvolumeTrend Analysisuptrend

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