SILGO trade ideas
Silgo Retail LtdSilgo Retail Ltd
Incorporated in 2016, Silgo Retail Ltd is into manufacturing & trading of Silver Jewellery and related business.
Company is in the business of designing, manufacturing, retailing, and wholesale of silver jewellery. The company started dealing in gemstones from FY22. Company offers a wide variety of designs for its products which include rings, earrings, bracelets, necklaces etc.
Silgo Retail-Nice BreakoutSilgo Retail-Nice Breakout
Capital to be deployed -20k
Investing Price-37-38
Breakout Price -37
Stoploss -27
Targets -63
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Silgo Retail Ltd Daily timeframe analysis for long term
NSE:SILGO has break Monthly trendline with major consolidation in daily timeframe.
We can see long term move above 30 with SL of 20 can average till 21- 23.
Major targets levels are highlighted in blue lines.
