SBCL (SHIVALIK BIMETAL)

13 באוג׳ 2024

Stock is at its right position for a new bull run. the reasons are as follows :

1. Daily RSI just up from 33 level
   
2. The stock bounced back from the 532 level which is the same as of 25th Jun
   
3. Volumes Rising above average volumes on 8th August
   
4. Stock has been in Darvas Box for the last 52 Weeks and now going up from the Floor levels
   
5. Fundamentally stock has cleared its Liabilities in the previous 4 qtr
   
6. FII stake has improved from last quarter
   

Risks:
Recent War Crisis