SKIPPER Coming to buy levels?

30 maj

30 May 2024
Disclaimer: I am not SEBI certified anything. So this idea is not a recommendation to trade or invest. If you like reading charts to follow price movement like me, then read on...

First about the company. SKIPPER is in the infra business - power transmission, EPC plus PVC pipes etc. This sector is going to be in focus regardless of who comes to power. Last qtr results were not great so the stock is being punished. If it hits the levels that the chart points to then I am going to grab that chance to accumulate this stock.

270 is my first target and 230 is second as shown. Accumulation in this range should be profitable in the long term.

All comments positive or negative are welcome. If you are tracking this share, let me know what you think.

5 cze

Zlecenie aktywne

5 June 24: During market upheavals due to the election results, SKIPPER hit 1st tgt 270 and actually made a low yesterday of 262.10. Today opens at 322 and drops like a stone cmp 281.. Let's see if it hits the next logical target of 230 in the coming days.

6 cze

Zlecenie zamknięto ręcznie

6 June 24: You snooze, you lose... cmp 322
H&S pattern is totally negated.