Suryajyoti Spinning Mills (BSE: 521022)

Today price pulled back, intra-day low was 53.55 and closed at 55.45. 48-50 range looks a good buying point with stop-loss below 42, with profit target above 65.



Date: 7th-May

Current price: 58.10
Market Sentiment: Bullish.

• After consolidating between 30-40 area, this stock price is starting to rise in past two days.
• Price is trading above EMA(20) and EMA(50).
• Double bottom has formed, 2nd bottom is higher than the first botttom which shows market is in a uptrend.
• If you think this stock price will go up, then this can be bought at (55-60) range.Wait for intraday pullback for a good entry point.
• Stop loss is between 30-25.
• target is between 80-100.