mastermukund4

Descending Triangle Pattern - Breakout !!

Long
NSE:MATRIMONY   MATRIMONY COM LTD
Matrimony .Com is involved in the business activities of Operation of web sites that use a search engine to generate and maintain extensive databases of internet addresses and content in an easily searchable format.

The Stock has formed a descending triangle Pattern on charts and there is a clear breakout. The stock from a technical standpoint is trading close to its 50DMA and comfortably placed above its 200DMA, around 17% above 200DMA. The RSI is at perfect levels to take long trade.

The Company is fundamentally sound. The company is debt free and has a strong balance sheet enabling it to report stable earnings growth. There has been a continuous increase in stake by FPI and mutual Funds.

Don't miss at these levels. Refer chart for Targets and SL.

Feel free to share your feedback and queries.

Comments

Wow what an analysis!! Amazing !!! Today its flying high!!! Thank you so much !! Keep up the amazing work!!!
+1 Reply
mastermukund4 Nileshblr2007
@Nileshblr2007, Thanks for appreciation. Can follow me for such posts
Reply
Nileshblr2007 mastermukund4
@mastermukund4, definitely !!
Reply
kindly give advice Deepak nitrite
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter