SIGNET INDUSTRIES Weekly Timeframe Analysis for long term
NSE:SIGIND has created Cup And Handle Pattern in Monthly Timeframe and also breakout Opening Price 66 when it was listed in NSE.
We can see long term move above 66 with SL of 58 can average till 55.
Major targets levels are highlighted in blue lines.
SIGIND trade ideas
signetSignet Industries, earlier know as Signet Overseas, was incorporated in the year 1985. Its registered office is located at 308 Acme Plaza, Opp Sangam Cinema, Andheri Kurla Road, Andheri E, Mumbai - 400059, Maharashtra.
The company belongs to the Signet group which has a diverse portfolio ranging from international trading and domestic distribution of polymers, chemicals, jumbo and raffia bags to spices, wax, plastics and power generation.
Business profile:
The company is engaged in the manufacture, trade, and export of poly products in India. It distributes HDPE, LDPE, PVC, PP, and PET resins.
The company also involves in the manufacture of various plastic products; and the distribution of chemical products, including food chemicals, phosphate, and paints. In addition, it operates wind turbine power unit; and offers wax products and spices.