Hello everyone👏
Happy Holi to everyone..
Today there is a breakout stock for technical analysis.. 👇
Let's do multitimeframe analysis
** In monthly chart price is again at the level to move forward positive direction..
** On chart is a double bottom ( W pattern) momentum upside
** Rsi also coming in bullish territory... Plus price also making HH & HL
** clearly it's in uptrend.. Though recent market situation is confusion state, this stock can be generate good return. 👍✌
In weekly chart it's a cup & handle formation.. Price broke resistance of 930 after making long consolidation since August 23..
*** breakout is with good volume & again retest... With a support of 9 ma
In short time (daily / hourly) price is in consolidation since few weeks .
Levels for trade..
978 & 985 is the zone where price took resistance and down till 928..any good breakout can be give good move..
Resistance - 977 - 985 - 998 - 1008 - 1022 - 1032 - 1043 above 1051 more upside possible
Support - 932 - 912 - 885 - 862 - 838 & 823.. Below 811 can be trend changed.. As in daily tf bearish diversion but currently it's flat..
Looking into the financials of company..
*""Since 1 month avg volume traded was 7lac & deliveries 3lac
***Debt to equity ratio decrease to 0.3
*** net profit increase to YOY in 22 it was 170 cr & in 23 it's 715cr..
*** revenue also increase..
That's all.. All levels and information provided here is only for educational purposes.. No buy / sell recommendation 🙏DYOA and make decision. 😉
Hit 👊the like button Boost my post to spread the knowledge📚
Thank you🙏
Happy Holi to everyone..
Today there is a breakout stock for technical analysis.. 👇
Let's do multitimeframe analysis
** In monthly chart price is again at the level to move forward positive direction..
** On chart is a double bottom ( W pattern) momentum upside
** Rsi also coming in bullish territory... Plus price also making HH & HL
** clearly it's in uptrend.. Though recent market situation is confusion state, this stock can be generate good return. 👍✌
In weekly chart it's a cup & handle formation.. Price broke resistance of 930 after making long consolidation since August 23..
*** breakout is with good volume & again retest... With a support of 9 ma
In short time (daily / hourly) price is in consolidation since few weeks .
Levels for trade..
978 & 985 is the zone where price took resistance and down till 928..any good breakout can be give good move..
Resistance - 977 - 985 - 998 - 1008 - 1022 - 1032 - 1043 above 1051 more upside possible
Support - 932 - 912 - 885 - 862 - 838 & 823.. Below 811 can be trend changed.. As in daily tf bearish diversion but currently it's flat..
Looking into the financials of company..
*""Since 1 month avg volume traded was 7lac & deliveries 3lac
***Debt to equity ratio decrease to 0.3
*** net profit increase to YOY in 22 it was 170 cr & in 23 it's 715cr..
*** revenue also increase..
That's all.. All levels and information provided here is only for educational purposes.. No buy / sell recommendation 🙏DYOA and make decision. 😉
Hit 👊the like button Boost my post to spread the knowledge📚
Thank you🙏