SILINV1. Anything can happen.
2. You don't need to know what is going to happen next in order to make money.
3. There is a random distribution between wins and losses for any given set of variables that define an edge. No other thoughts
4. An edge is nothing more than an indication of a higher probability of one thing happening over another.
5. Every moment in the market is unique.
SILINV trade ideas
SILINVStock name = Sil Investments Limited.
Weekly chart setup
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Master Score - A
Disclaimer: This is for demonstration and educational purpose only. this is not buying and selling recommendations. I am not SEBI registered. please consult your financial advisor before taking any trade.
#SILINV #BAJFINANCE #BAJAJFINSV #HDFCAMC #CHOLAFIN #SBICARD #NSE
#SILINV
NSE:SILINV
CMP: 347
TP: 435
SL: 300
TF: <6m
RR > 1.8 times
Return 25%
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations.
With 💚 from Rachit Sethia
sil investmentThe name of the company is SIL Investments with effect from March 21, 2007. Originally it was Sutlej Cotton Mills promoted by late G.D. Birla and was named before Demerger of textiles divisions in the year 1995 Sutlej Industries Limited. SIL is part of K.K. Birla group companies who has diversified interest in Fertilisers, Engineering, Textiles, Sugar, Tea, Media, Shipping Food Products, Media, Information Technology, Biotechnology , Shipping among others. The Registered Office of SIL is situated at Bhawanimandi 326 502 (Rajasthan)
As per the Scheme of Demerger sanctioned by the Honourable High Court of Judicature for Rajasthan at Jaipur Bench on 12.05.2006 effective from 01.07.2005 textiles divisions of the Company have been demerged and vested in new company called Sutlej Textiles and Industries Limited as an on-going concern basis and SIL was left with investment activities only. Its core investments are mainly in group companies’ shares, besides in Shares & Securities and Real Estate, the details of same are available in its latest audited Annual Accounts as on 31.03.2009.
The company has two wholly owned Subsidiaries RTM Investment and Trading Co. Ltd. and SCM Investment and Trading Co. which in turn have one subsidiary company each.
During the year 2008-09, SIL has earned income in the form of rent income, dividend income and profit on sale of investments and fixed assets. Company will extend business further through identification of promising investment opportunities.