Shilpa Medicare - ATH Breakout

17 thg 11

Shilpa Medicare has given a ATH breakout and is looking very strong for a good upmove of 50%+ returns. Other factors:

1. Stock has given a Double Bottom Pattern as well and which coincides with ATH breakout.
2. Even in recent stock market turmoil, the stock has sustained and looking very strong.
3. Fundamentally, it has rising top-line and bottom line from last 9 quarters.
4. Its last TTM is the best.
5. Lot of developments are happening - green field plant is on track, tie-up with Europe's No. 1 company.
6. Both RSI & MACD on monthly time frame are positive

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