SUYOG TELE- at crucial supportSuyog Telematics- at crucial support. Break below and target 0.382 FIB which is also in line with the last wick down level hit.
SUYOG trade ideas
Bullish breakout - Swing tradeSuyog Telematics Ltd has formed a strong triple bottom breakout pattern, accompanied by a significant surge in volume. This setup signals a potential bullish trend with high conviction from buyers.
Suyog Telematics Ltd *Suyog Telematics Ltd*
P&F Formation on Yearly Basis.
Strong Vol Consolidation. Continued Traction required. To be Watched.
Price BreakOut Needed & to be Sustained.
Resistance @ 1151 / 1206 / 1294 / 1363.
*Trail SL with Upside*
*Book Profit as per Risk Appetite*
*_Snapshot_*
Est. in '95. Engaged in Installing/Commissioning/Servicing of Poles/Tower/OFC Systems. Present across India & operates in 12 Telecom Circles.
Major Indian Telecom cos are its clients.
Sector Outlook Highly Positive.
Growing Sales/Profits on Qrtly / Yrly basis. High Double digit Profit margins. Manageable WC Cycle. +ve CF from Ops.
Low leverage. Improving liquidity.
Stable Promoter stake. FII/DII entry in Mar'24 Qtr.
Ongoing Capex, expanding into more Circles.
*Do your own research as well. This is an Opinion.
*_Happy Investing_*🤓
