SKM Eggs potential multibagger
---Most of the details are mentioned on the chart itself!---
Technical Analysis:
Stock has corrected more than 50-60% after reaching ATH last year.
Currently it is at good support levels and might be in accumulation phase.
Breaking this support zone will be crucial and you must check quarterly/Yearly results reports for more clarity.
At Daily chart RSI is moving in 40-60 range from last 6months. On weekly it's in 45 range.
Also watch out for 50-200 MA cross over!
If all fundamentals are good then strategy will be buy on dip.
Remember that major market correction impacts heavily on small cap stocks.
Important Disclaimer:
I am just a student in stock market and recently started reading fundamentals.
I am documenting my analysis and trades here.
This is not a BUY/SELL recommendation.
Its for EDUCATIONAL purpose only.
Your feedback will be much appreciated!
Technical Analysis:
Stock has corrected more than 50-60% after reaching ATH last year.
Currently it is at good support levels and might be in accumulation phase.
Breaking this support zone will be crucial and you must check quarterly/Yearly results reports for more clarity.
At Daily chart RSI is moving in 40-60 range from last 6months. On weekly it's in 45 range.
Also watch out for 50-200 MA cross over!
If all fundamentals are good then strategy will be buy on dip.
Remember that major market correction impacts heavily on small cap stocks.
Important Disclaimer:
I am just a student in stock market and recently started reading fundamentals.
I am documenting my analysis and trades here.
This is not a BUY/SELL recommendation.
Its for EDUCATIONAL purpose only.
Your feedback will be much appreciated!
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.