Senco Gold Limited
Senco Gold Limited is still growing and hitting new records, so it looks like a wise long-term investment.
Kindly examine and comprehend the Senco Gold Limited daily chart for a moment. Senco Gold Limited has performed admirably thus far, is a wise purchase in the 1140–1160 zone, and has enormous growth potential, as seen by the chart.
Kindly refer to the Senco Gold Limited daily chart. The stock has broken out of the 1140–1160 range and is now trading above horizontal resistance and rising quickly. Senco Gold Limited, priced at 1180, is currently in great demand, according to the data. The expected upside open range, which spans from 1550 to 1600, is seen in the chart below.
- Since achieving a notable breakthrough in the 1140–1160 range, Senco Gold Limited has grown and is currently a fantastic long-term investment opportunity.
- Senco Gold Limited has the ability to grow and reach the 1550 and 1600 targets due to its advantageous location.
- The best time to purchase this stock right now is between 1140 and 1160 dollars since the risk-reward ratio is suitable for cash transactions.
- With a target price between 1550 and 1600, the chart indicates that the stock has broken out of an ascending triangle pattern.
Please find Senco Gold Limited's daily chart attached. Demand is seen in the price range of 1140–1160 on the daily chart, with an upward breakthrough and horizontal resistance. The rising demand is reflected in the stock price.
Considering the recent peak of the stock, it seems like a good moment to purchase at the current price. Thus, watch for the breaking of the horizontal resistance. The stock has increased as of this writing and could hit the predicted levels of 1550–1600.
Senco Gold Limited was founded on the rising triangle, with the most recent objectives lying between 1550 and 1600. A common chart pattern in technical analysis is the rising triangle. A horizontal line and a rising trend line, respectively, are produced by price variances at the swing high and low. Triangle is formed by these two lines.
Investors may be looking for long-term purchasing opportunities in the 1140–1160 range due to the significant demand for the stock. During market downturns, this stock should appreciate in value because of its superior risk-reward profile. Grab this chance to purchase this stock. Invest in this company; it has tremendous potential, even in recessions.
Wealthy investors can purchase the necessary amount of the stock, putting a stop loss around 1040 and aiming for levels between 1550 and 1600.
The stock or instrument may reach high volume and upside with a rapid rise and target hit if there is no price volatility prior to a significant increase. Traders and investors are often on the lookout for patterns of volatility contraction (VCPs). Visit our website or get the Fx Careers app from the Google Play Store for more details about VCP patterns. Furthermore, we demonstrate the accuracy of the pattern recognition.
The daily chart of Senco Gold Limited shows both resistance and support. The spot chart shows all of the levels.
|
Senco Gold Limited |
Support |
Resistance |
|
Level 1 |
1140 |
1550 |
|
Level 2 |
1040 |
1600 |
Company Profile: With a history spanning more than 80 years, Senco Gold and Diamonds is a brand owned by Senco Gold Limited ( "the Company"). Under the terms of the Companies Act, 1956, our company was incorporated as Senco Gold Private Limited on August 22, 1994, in Kolkata, West Bengal.
After that, in August 2007, the company changed its name to Senco Gold Limited and became a public limited company in order to further its operations in the jewelry industry. Currently, the company operates 150+ showrooms throughout 16 Indian states.
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