Summit Securities Limited
Summit Securities Limited is still growing and breaking records, investing in it seems like a wise long-term choice.
Please take a moment to look over and comprehend the daily chart provided by Summit Securities Limited. The chart indicates that Summit Securities Limited is a wise option in the 2900–2950 range, where it has demonstrated strong performance thus far and enters at all dips. It also provides a lot of opportunity for growth.
The daily chart provided by Summit Securities Limited is attached. After departing the 2900–2950 range, the stock is now gaining swiftly and trading above horizontal resistance. The data indicates that there is a large demand at 3050 levels right now. The anticipated upward open range, which falls between 4000 and 4100, is depicted in the chart below.
- Since making a big breakthrough in the 2900–2950 zone, Summit Securities Limited has grown and is now a fantastic long-term investment opportunity.
- Summit Securities Limited may expand and achieve its 4000 and 4100 goals due to its ideal location.
- The best moment to purchase the stock is now, when it is trading between 2900 and 2950, since the risk-reward ratio is suitable for cash transactions.
- With a target price between 4000 and 4100, the stock has retested an ascending triangle pattern that it had previously broken out of, according to the chart.
Attached is Summit Securities Limited's daily chart. Demand is found on the daily chart between 2900 and 2950, where there is horizontal resistance and an upward breakthrough. The rising demand is reflected in the stock price.
It seems like a good moment to purchase the stock at the current price given its recent top. Watch for the horizontal resistance to break as a result. The stock has risen as of this writing and may eventually hit the predicted range of 4000–4100.
The most recent objectives of Summit Securities Limited range from 4000 to 4100. The organization's structural foundation was provided by the rising triangle. In technical analysis, the rising triangle is a frequently utilized chart pattern. A horizontal line and a rising trend line, respectively, are produced by price changes at the swing high and low. A triangle is formed by these two lines.
Investors may be looking for long-term purchasing opportunities in the 2900–2950 level due to the stock's high demand. Because of its remarkable risk-reward profile, this company should see a boost in value during market downturns. Take advantage of the chance to purchase this stock. Invest in this company; it has a lot of potential, even in a downturn.
Rich investors can purchase the necessary amount of shares with the intention of selling it between 4000 and 4100, with a stop at the 2700 level.
If there is no price movement before a noticeable increase, the stock or instrument may rise swiftly on the upside with significant volume and target hit. Investors and traders continue to be interested in volatility contraction patterns, or VCPs. Visit our website or get the Fx Careers app from the Google Play Store to learn more about VCP patterns. We also provide precision in identifying patterns.
Summit Securities Limited's daily chart displays both support and resistance. The spot chart displays each level.
|
Summit Securities Limited |
Support |
Resistance |
|
Level 1 |
2900 |
4000 |
|
Level 2 |
2700 |
4100 |
Company Profile: An Indian non-banking financial corporation (NBFC) that makes investments in stocks and securities is Summit Securities Limited. In 1997, Summit Securities was established as a public limited company. KEC Infrastructures and RPG Itochu Finance Limited were its previous names. The company Summit Securities invests in stocks and securities in order to generate income from gains, interest, and dividends.
The National Stock Exchange of India Limited and the BSE Limited both list shares of Summit Securities. Sudarshan Electronics & T.V. Limited and Instant Holdings Limited are subsidiaries of Summit Securities.
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