Positional setup + fundamentals snapshot for Sangam (India) Ltd Sangam (India) LimitedNSE:SANGAMINDRajputAmarjitFundamentals Market cap: ~ ₹2,200 crore. P/E ratio: ~ 55-70x (various sources) which is very high for current growth. Return on Equity (ROE): ~ 3-8% over recent years — relatively weak. 5-year sales growth: ~10% (modest) for the business. Industry: Textiles / fabrics (synthetic blended yarn, denim, etc.) — cyclical & cost sensitive. MarketScreener Valuation concern: Some tools suggest it is overvalued relative to estimated intrinsic value. Smart Investing Fundamental takeaway: The business has moderate growth, low returns, high valuation — this raises risk if expectations don’t meet. 📈 Technical / Positional Setup From the weekly chart you provided: Price appears to be approaching/hovering around a resistance zone (~ ₹490-₹520 region) marked by prior highs. The stock has had a consolidation in recent months with price range squeezing, which often precedes a directional move. Support zone looks around ~ ₹380-₹420 based on prior consolidations and chart structure. For a trade, you’d want a decisive breakout above resistance and confirmation (volume + close above). Trade Plan: ParameterLevel / Zone Entry TriggerOn a sustained breakout above ~ ₹520-₹550 Stop-LossBelow support zone ~ ₹380-₹420 Target 1~ ₹650-₹700 Stretch Target 2~ ₹750-₹800 (if momentum strong and market favourable) If price pulls back to the support zone (~₹400-₹420) and holds, that could be a safer “entry on dip” point rather than buying close to resistance. Given the fundamental concerns (high valuation, low returns), this trade carries more risk — so keep sizing moderate and risk management strict. Confirm breakout with volume & follow-through before full entry.