The stock has cleared its downsloping trendline and the 50% FR level resistance, suggesting signs of strength. Weekly RSI also shows similar strength by clearing its past peaks. Further confirmation of strength would come when stock clears 160. Higher resistance levels placed at 200 and 330. Bullish outlook remains valid as long as price sustains 120.
The stock has broken out of a long period of consolidation. Previously when the stock did the same, it witnessed a massive rally. The Monthly MACD has also turned positive, so that adds conviction. Bullish outlook remains valid as long as price sustains 650.
The stock is in a very strong up-trend. As per its past price behavior after breakout from all time high, the stock is currently witnessing a sideways phase. Soon, the up-move is expected to resume. Monthly RSI sustaining 50 level is also a sign that up-move is intact. Bullish outlook remains valid as long as price sustains 90.
Prices have moved out of the consolidation below 800, suggesting strength. Weekly MACD has also turned positive. Weekly RSI sustaining above 40 is a sign that the up-move is intact. Prices are likely to resume its longer term up-move and head towards a new all time high. Bullish outlook remains valid as long as price sustains 790.
Prices have cleared its resistance zone of 950-980 decisively. Price behavior visually looks similar to previous bear phase move between 2019-2021. If the past price behavior is to repeat, we could witness a strong rally to form a new high around 1250. Bullish outlook remains valid as long as price sustains 900.
Prices have witnessed a strong rally since July 2022. This week, prices have cleared the prior all time high of 624 decisively, suggesting that the up-move is likely to continue. Initial resistance is expected around 850. Since there is not enough history, riding the trend is important. Bullish outlook remains valid as long as price sustains 620 or the...
Prices had been consolidating between 850 and 1150 since October 2022. This week, prices have cleared the upper end of the trading range decisively. Weekly RSI has also cleared its previous peak level, suggesting strength. Prices are expected to initially test its prior all time high of 1434. Since there is not enough history, riding the trend is...
Price has been following the behavior observed in the bearish phase of 2015-2017. Prices has currently broken out of a small range (420-470), suggesting strength. As per the price pattern, Prices are likely to head to 560-580 zone. Long term trend change would take a lot more price action to confirm, so position sizing is important. Bullish outlook remains...
Prices have overhauled its downsloping trendline resistance. Weekly RSI has also cleared its previous peak, suggesting signs of reversal of downtrend. Prices are likely to head to 380-435 zone where a lot of trading activity has happened earlier. Bullish outlook remains valid as long as prices stay above 220.
Price has confirmed an Inverse Head & Shoulders price pattern. With a Daily Close above Rs.215, price has also negated the lower top lower bottom formation. Volumes have been high on the recent rallies, thus confirming our trend. The target for Inverse H&S Pattern is Rs.250. View remains valid as long as price is above the low of the right shoulder.
The stock had been in a downtrend since its listing on the NSE. But the rally from the low of 353 has been accompanied by higher volumes, signaling strength of buyers. Prices have negated the lower top lower bottom formation, confirming a reversal of downtrend. Chart does not give a specific target, but minor resistances could be expected at prior peaks of 655...
Prices have been in a Consolidation Phase since more than a year. Monthly RSI is turning from its Oversold Zone. On the Daily Chart, prices have shown some signs of strength after breaking out of a sideways pattern. Price reaction after Quarterly Results have been good. ‘Safety first’ investors can wait till stock clears out of the consolidation. ‘Value...
Prices have reversed its downtrend from the high of Rs.1094 with a Double Bottom pattern. Prices are expected to head to 1050. Bullish view remains valid as long as prices trade above 940.
Prices have given a Weekly Close above its resistance of Trendline and horizontal level 54. Weekly RSI has also negated its lower top lower bottom formation. Weekly MACD has also turned positive. Prices could now head to its previous all time high of 67, and optimistically clear it to touch 89. Bullish view remains valid as long as prices trade above 52.
Prices have bounced from its up-sloping trendline support along with the Daily RSI bouncing from Oversold level. This week, prices broke out of its consolidation, and has also cleared a Gap Area resistance on the Daily Chart. Prices could now test 2300 in the near term, where multiple resistances coincide. A Daily Close below Rs.1800 would negate the strength.
Prices have confirmed an Inverted Head & Shoulders Price Pattern!
The stock had cleared its prior peaks around 152. Now, the prices have formed a Flag Pattern after a strong rally from the low of 128. Hence, a similar strong rally could be coming ahead, which could drive prices to 170. Bullish View remains valid as long as prices stay above Rs.150.
The stock price has formed an Inverse Head & Shoulders Price pattern. Volumes on bullish days have been higher than the volume during the fall, confirming strength. Prices could now test its resistance zone placed between 2810 and 2890. Bullish View remains valid as long as prices stay above Rs.2420 (low of the right shoulder).