SHILCHAR Tech

Resistance Levels
Resistance 1 - ₹4,550–₹4,650
(Current supply)
Resistance 2 - ₹4,850
Major Resistance - ₹5,250–₹5,350
Previous lifetime high.

Support Levels
Immediate Support - ₹4,200
Strong Support - ₹3,950–₹4,050
Excellent accumulation zone.
Major Support - ₹3,680–₹3,750

Institutional demand zone.
Best Entry Plan
₹3,950–₹4,100
Highest probability area.
₹4,180–₹4,250
Good if price stabilizes with bullish candles.
Current Price - ₹4,390

Not ideal for fresh lump-sum buying because the stock is correcting from resistance.

Long-Term Investors
I'd use staggered buying:
30% around ₹4,250
40% around ₹4,050
30% around ₹3,750 (only if the market corrects) This reduces timing risk.

Exit Targets
Swing (6–12 months)
₹4,800
₹5,250
Long Term (2–3 years)
If earnings continue to compound and the transformer cycle remains strong:
₹6,500
₹7,500+
These are contingent on continued earnings growth and market valuation, not guaranteed outcomes.

TheSRFx

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TheSRFx

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