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#LONG on SHYAM METALICS: Breakout from Descending Channel

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SHYAM METALICS AND ENGY L (NSE:SHYAMMETL)  
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NSE:SHYAMMETL   SHYAM METALICS AND ENGY L
Trend Analysis Chart Patterns shyammetalics
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trendanalysis chartpattern shyammetalics
Shyam Metalics was in a continuous downfall since its listing on bourses. It fell from an ATH of 461.15 on Jul'21 and corrected by almost 41% to reach a low of 273.10 on 20 Jun'22. It took support from the base of descending channel and rose 39% to reach current high of 379.70. The scrip has given a successful breakout from the channel on 14th June 2023 and has risen by 18%.
Komen:
Target 1 achieved today!!
Komen:
Target 2 too achieved on 11th Dec 2023.

40% returns within 6 months!!
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