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SHIVAMAUTO - Long on Monthly for 40%
SHIVAMAUTO
, 1M
Long
SHIVAMAUTO: SHIVAMAUTO - Long on Monthly for 40%

Shivam auto has corrected 33% after a 70%+ move on Monthly which is a relative contraction. It is currently at 10 EMA on Monthly with 10ema still upsloping suggesting the stock might get a push from here till the nearest resistance point of 64. On Weekly chart it is currently trading in the value zone of 20 & 50 EMA giving an inside bar. volumes have also tapered...

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