The stock reached ATH of 314.55 on 9th June 2014. It then fell by almost 84% to reach 50 on 13th Mar 2020. It took support at the lower trend line to reach high of 194.95 on 8th Mar 2022. It faced a correction of almost 38% reaching a 52W low of 119.85. on 6th July 2022. Recently, it took support from lower end of the channel rising nearly 33.62% in 9 months....
RBL Bank reached an ATH of 716.4 in May'19 and corrected approximately 90% to reach 74.15 in the month of June 2022. It then took support at lower trend line of the wedge and rose by 255% in 7 months i.e. till Jan'23. Since then the price has been hovering near the upper trend line (resistance) of the wedge. Risky Traders Entry: Only above 176 (daily closing...
The scrip was trading below multi-year resistance trend line since 2008.It gave a breakout from the trend line on 24th Jan'24. It formed a large bullish candle on a monthly time frame returning 16% in JAN'23 and nearly 99.5% in last 12 months. The Stock rose nearly 3.30% today hitting an ATH of 2442 which is also a 25-Year High. Stop Loss: as per risk...
CEAT reached a high of 2019 in Jan'18 and had been falling in a channel. It attempted breaking out of the channel in Nov '22 but failed. However, subsequently it broke out of the channel in May '23 successfully rising from a low of 1512 to an All Time High of 2642. Following, which the scrip faced a correction and is now consolidating near the support zone 1948 -...
RBL Bank reached an ATH of 196.25 in Aug 2010 and corrected approximately 97% to reach 6.25 in the month of Mar'20. It then took support at lower trend line of the round bottom and rose 6.7x in 3 years i.e. till Nov'22. The price faced correction for next 4 months and has again started the upward journey rising 71% in last 3 months. Stop Loss: 40 (daily closing price)
Coal India got listed in Nov'10 and attained an ATH of 447.10. Since then, it had been falling reaching a low of 109.55 in Oct'20. In the process, a falling wedge pattern got created and the scrip broke out of the wedge in Feb'22 rising approx 2.5x from its lows. A 26% rise in ongoing month of SEP'23 indicates institutional participation and...
J KUMAR Infra reached an ATH of 448.50 in Oct 2015 and then corrected approximately 30% to reach a low of 65.05 In Mar 2020. It had resumed its uptrend in Apr 2020 forming a triangular pattern. In the month of June 2022 it successfully broke out of traingle pattern rising reaching a high of 349. Since then it was in a correction phase, falling approx. 30%...
Garden Reach Ship builders got listed in the month of Oct'18. It had entered a consolidation phase in Sep' 2019 which lasted for 4 long years.The scrip broke out of consolidation in the month of Aug'22 and has since more than doubled. The stock has been continuously rising and has also broken out of an ascending channel in the ongoing month of Aug'23. Three...
The stock hit a fresh 52-week high of 151.30 on 10th May 2021, but failed to hold on to the momentum, falling about 58% . SAIL took support at the lower trendline of the wedge pattern on 21st June 2022 and bounced back from a 52W low of 63.60 to a high of 93.90 on 19th Jan 2023, rising about 47% . In terms of price action, the stock is trading well...
Greenply Industries reached an ATH of 298.85 in the month of Jan'18 and corrected almost 75% to reach a low of 72.90 in Mar'20. It had consolidated for almost 6 months in a range before starting its upwards journey again in Nov'20. It reached a high of 254.7 in a year and started correcting again. In the process it formed a triangle pattern and has freshly...
The scrip was in a corrective phase after reaching a 52W high of .The scrip gave a breakout from the triangle pattern on daily time frame forming a large bullish candle on 01.03.2023 rising 5.6 percent to Rs 82.65 with above average volumes, the highest closing level since January 31.The stock is trading higher than 5 day, 20 day, 50 day, 100 day and 200 day...
Shyam Metalics was in a continuous downfall since its listing on bourses. It fell from an ATH of 461.15 on Jul'21 and corrected by almost 41% to reach a low of 273.10 on 20 Jun'22. It took support from the base of descending channel and rose 39% to reach current high of 379.70. The scrip has given a successful breakout from the channel on 14th June 2023 and has...
COFORGE reached an ATH of 6135 in the month of Jan'22 and corrected by almost 52% to reach a low of 3210 in Sep'22. It has formed a triangle pattern on monthly chart and has been in an upward journey since Oct'22 generating almost 32% returns. Last month i.e. in May'23 it has broken out of the triangle. This indicates significant upside potential of minimum 24%....
After reaching an ATH of 377.50 in Jul'27, Maharashtra Seamless broke out of falling wedge pattern in the month of Oct'21 rising 55% in a single month. Further, this was followed by formation of small bullish candles on monthly time frames and then entering a correction phase for next six months. The next phase of rally started in Mar'23 in which the stock has...
Venus Remedies reached an ATH of 639 on 9th Aug '21and then corrected by approximately 77% to reach a low of 145.80 on 22nd Feb'23. In the month of Feb'23, the scrip took support on the base and has resumed uptrend, forming a triangle pattern in the process. On 30th May'23, the scrip opened with a very large gap-up ad gained 20% in a day. On the following...
The scrip was trading below multi-year resistance trend line since 2008.It gave a breakout from the trend line in Mar,23. It formed a large bullish candle on a monthly time frame returning 12% in Apr'23 and nearly 35% in last 3 months. The Stock rose nearly 3.40% today hitting ATH which is also a 10-Year High. Stop Loss: 189 (daily closing basis) Potential:44%...
KRSNAA was falling in a descending channel ever since its listed on bourses at a price of 1109.70. It corrected approximately 68% from its listing price to reach an all time low of 353.10 on 28th Feb 2023. But, very recently i.e. on 31st Mar 2023, it successfully broke out of that channel rising by almost 44 % in 2 months. Target: 783 (Potential upside:...
Info Edge(Naukri.com) on the verge of breakout from falling Wedge pattern. Buy only above 3777 Potential upside: 28% Stop Loss: 3555 Fundamentals: Engaged in operating multiple Internet-based services through its various Web portals and mobile applications. The Company's segments include Recruitment Solutions and Real Estate- 99acres. Naukri.com provides...