#AJMERA trading above Resistance of 559
Next Resistance is at 872
Support is at 365
Here is previous chart:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only....
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before...
The stock after breaking out of the resistance made a new all time high and it did not sustained. Eventually it took support of 200 weekly MA and formed a round base.
Volumes went dry and we can see some accumulation done while basing with nice volume spikes during an up week.
Finally it consolidated again for 15 weeks above the previous resistance and broke...
Price has broken down the wave (a) at 382.
We can see a corrective channel, which has held the corrective structure.
Wave c can travel for the following targets: 360-356-342+.
Price has also created the head and shoulders pattern, and the right shoulder has broken down the neckline.
Impulsive wave will start after the breakout of the corrective wave...
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
AJMERA realty did breakout at its crucial 155 resistance zone a few days ago from where it pulled back. Now seems like the pullback is complete and its heading back toward the resistance zone. We can start building bullish position, preparing for the breakout.
