SANGAMIND CMP 465.Stock consolidating around six months.Facing strong Resistance at 460 levels.Now volumes are increased. That a good sign for traders are interested in this counter. Now its giving a signal with th confirmation of Bollinger Upper Band Breakout.for a swing trade with a best RISK n REWARD area. Add wachlist and study chart.
SANGAMIND trade ideas
SANGAM IND - Looks good for a move of 10% swing.The stock has moved out of weekly consolidation with good volumes and RSI supportive in lower time frames for an entry.
The stock is trading strong above its All time high.
The stock has given a yearly breakout in 2023 after 8 years.
Momentum - Intact, Price Action - supportive, Sector - Textile.
SANGAMIND LOOKING BULLISHSANGAMIND looking bullish as it is giving a good weekly closing. with big volumes. key factors to have a look at and analyze are:
1. stock is giving all time high breakout
2. volumes are huge during breakout.
3. stock went up 19% in just a single day giving a strong weekly closing on a friday.
keep this stock on your radar and and observe how price acts after this.