Chart Analysis
Price broke above the prior ATH around 213-218 levels (52-week high noted as 213.35 on Oct 10, 2025), confirming uptrend continuation with EMAs aligning bullishly (20 EMA support visible). Volume supports the move, and the pin marker likely highlights the breakout zone near 240-242 as a swing entry. Invalidation sits below the recent swing low (~230 area from chart).
Trade Setup
• Entry: 240-242 pullback to breakout zone or EMA support for swing long.
• Target: Next resistance at 260+ (open-ended on ATH break), aiming 1:3+ R:R.
• Stop: Trail below 20 EMA or hard stop under swing low (~228-230).
Risk 1-2% per trade; monitor for EMA hold as primary trend filter.
Company Snapshot
SHRINGARMS manufactures mangalsutras (gold jewelry), listed Sep 2025 on NSE with market cap ~₹1,900-2,300 Cr and strong ROE (36%). Recent price ~212-228, fitting your chart’s 240+ action as of Jan 2026.
This setup suits swing trading in gems/jewelry sector momentum; educational only, not advice. Track daily closes above EMAs.
Price broke above the prior ATH around 213-218 levels (52-week high noted as 213.35 on Oct 10, 2025), confirming uptrend continuation with EMAs aligning bullishly (20 EMA support visible). Volume supports the move, and the pin marker likely highlights the breakout zone near 240-242 as a swing entry. Invalidation sits below the recent swing low (~230 area from chart).
Trade Setup
• Entry: 240-242 pullback to breakout zone or EMA support for swing long.
• Target: Next resistance at 260+ (open-ended on ATH break), aiming 1:3+ R:R.
• Stop: Trail below 20 EMA or hard stop under swing low (~228-230).
Risk 1-2% per trade; monitor for EMA hold as primary trend filter.
Company Snapshot
SHRINGARMS manufactures mangalsutras (gold jewelry), listed Sep 2025 on NSE with market cap ~₹1,900-2,300 Cr and strong ROE (36%). Recent price ~212-228, fitting your chart’s 240+ action as of Jan 2026.
This setup suits swing trading in gems/jewelry sector momentum; educational only, not advice. Track daily closes above EMAs.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.