Indieconomic

Indieconomic

The chart highlights a support zone around 3239, reinforced by the 200 EMA . There is a resistance level around 3472.40, which the stock needs to break through for further upward momentum. The volume appears to be consolidating, which can be a precursor to a breakout. Increased volume during a breakout above resistance would further validate the bullish...

Indieconomic

There was a large movement in "Coal India" followed by a consolidation period with converging trend lines. The pennant breakout movement in the same direction as the initial large movement. The period of consolidation have lower volume and the breakout occurred on higher volume. Relative strength index (RSI) levels was moderate during the consolidation phase and...

Indieconomic Updated 

Descending channel , top trendline connects the resistance points (lower highs) and bottom trendline connects the points of support (lower lows).The price broke out of the descending channel twice and rallies 15-20%. Volume - low during correction phase and spike in today's session. RSI - indicating momentum and relative strength in stock. Fibonacci...

Indieconomic Updated 

After the 2 years of consolidation, price given a breakout and retested the level positively with volume. Stop Loss below Rs 2700 | Target Rs 4000 Thanks -aJ Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.

Indieconomic Updated 

The thread will include multiple fundamentally strong stock for long term investment. 1. Deepak Fertilizers 2. GR Infraproject 3. Shyam Metalics

Indieconomic Updated 

The chart is self explanatory and key point highlighted below: ✔ Channel breakout and price retrenched to fib 50% ✔ Descending triangle consolidation and further breakout ✔ Defended psychological level of Rs 100 ✔ Volume breakout after price correction ✔ Above key moving average of 20, 50, 200 .. ✔ Stop loss & target mentioned in chart Thanks Disclaimer:...

Indieconomic Updated 

The price structure analysed on multiple parameter for better understanding. Weekly Chart ✅stock corrected and reinstated to fib 38.20% ✅strong base with rounding bottom Daily Chart ✅triangle breakout with volume ✅golden crossover confirming strength in stock (50 & 200 ema) ✅price consolidating after the breakout Index - Nifty IT After a year of range...

Indieconomic Updated 

The stock's price moves above a eighteen years resistance level. Bullish signal generated with Cup & Handle neckline breakout, which supported by increasing volume. Wait for price retest to confirm the valid breakout. MCAP 1936cr | P/E 30.70 | ROCE 21.80% | ROE 18.40% | Promoter Holding 75% | D/E 0.26 Stop Loss below Rs 285; Target 1 Rs 425 Weekly Chart...

Indieconomic

After the bull run, stock retrenched to 61.80% fib level and consolidated for 6 years. The range breakout visible in chart, aptly supported by volume and technical indicator. Stop Loss below 20EMA; Target 1 Rs 415 Weekly Chart After four year of consolidation, the stock given a descending triangle breakout with breakaway gap. Technical Chart Golden...

Indieconomic Updated 

The public sector banks are looking positive and many of them given a multiple year breakout in monthly time frame . 2. Bank of Maharashtra 3. Central Bank of India 4. Bank of India 5. Punjab National Bank 6. Union Bank of India 7. UCO Bank Thanks -aJ Disclaimer: The information and publications are not meant to be, and do not constitute,...

Indieconomic

The thread includes housing finance sector companies, analysed on technical parameter. 1. LICHSGFIN 2. PNBHOUSING 3. HOMEFIRST 4. INDIASHLTR 5. AAVAS 6. CANFINHOME 7. APTUS 8. HUDCO Thanks -aj Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or...

Indieconomic Updated 

The stock in uptrend with higher high and lower low. In weekly chart , the price given a 9 month resistance breakout with bullish candle. Looking at the past pattern, short term target will be Rs 404 with stop loss at Rs 330. In higher time frame , long term resistance i.e., 7 year at Rs 463 and if given resistance breakout from that zone, potential long target...

Indieconomic Updated 

daily chart - the stock was consolidating from past 9 month and given the resistance breakout. Price above all key moving average. Thanks -AJ Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.

Indieconomic

After the quarter results, stock become bearish and may fall by 10% from current level. ✅Long resistance at Rs 1720 ✅Dec'23 and Nov'23 low's violated ✅EMA 200 violated ✅Next support at Rs 1270 Thanks -aJ Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or...

Indieconomic

The stock given long term resistance breakout and aptly retested that level with volume. FII and DII increased their stake in Q3FY24. Daily Chart ✅the stock was facing rejection from trendline and remained range bound for a month between 110-120. ✅after the month of consolidation, price given breakout aptly supported by volume. ✅price above key moving average...

Indieconomic Updated 

Positive Set up: ✅Triangle Breakout / Impulse Wave (1) ✅Correction Wave (2) retrenchment to 50% and trend continue ✅Support at 200 ema Short Term Target Rs 5000 ; Long Term Target Rs 6033 ; Stop Loss = 200 ema Thanks -aj Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types...

Indieconomic Updated 

After the bull run, price retrenched to fib level at 38.20%. The fresh movement observed in stock, aptly supported by volume and moving average. Stop Loss - Below support level ; Target 1 - Rs 109 , Target 2 - ATH Daily chart 9 months of consolidation, afterward symmetrical triangle breakout. The stock perfectly retested that level and uptrend continued. ...

Indieconomic Updated 

After the bull run, stock retrenched to 38.20% from all time high. The strong base formed at current level and breakout visible in daily and weekly. chart. As per technical set up. long term target will Rs 111 and short term target is t1 & t2. Weekly Chart for a year stock was consolidating and range bound. This week, price given a triangle breakout and volume...