Amrutanjan finally gave a gap up move on a weekly basis .
Had been long since falling from Nov 21.
Finally a good pattern formed that can show some good momentum.
Levels I am looking at is 688 as immediate resistance and then 747 which is the black line on the chart is a good resistance. If it breaks that and sustains then up levels can be 841-902-989-1014 with...
Amrutanjan Long
Currently at weekly , Daily support levels.
Move seems to have started.
Expecting around 35% move in this year. Short term Target of 802. Bigger picture tgt is 882 - 990 - 1084
No recommendation. Just my view with charts.
Change timeframe if need better chart details.
Amrutanjan Healthcare Ltd - 17.06.2022
The stock is trading @ 790 levels
The prices are at SUPPORT Zone
There is a HAMMER at SUPPORT in Daily Chart
Watch out for the price action
There is a MACD Bullish Divergence in Weekly Chart
There is a STOCHASTIC Bullish Divergence in Weekly Chart
Let the prices go above 828
Vanakkam Makkale. Amrutanjan bounced back from support of the trendline so expecting good upside from the scrip. But as i always say whatever we do must follow risk rewrad and money management. I personally lokoking to enter at lower levels according to market condition because dont forget that market is in bear territory. Have a profitable trade.
Comments your...
Amrutanjan Healthcare Ltd - 17.03.2022
The stock is trading @ 840 levels
There is a RESISTANCE Zone @ 851 levels
There is a HAMMER followed by a DOJI in Daily Charts
The prices are at EMA
RSI need a breakout in Daily Chart
Watch out for the price action
AMRUTANJAN seems to have experienced a breakout after a period of consolidation. This is accompanied by volume contraction during consolidation and flag pattern. Good for a quick swing trade.
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.
With the setup , I believe it can touch the previous highs. MACD is on the verge of a crossover and the support has been taken from 50 MA. It is also travelling in a Channel.
The chart is self explanatory 😊
Disclaimer : The opinions and analysis expressed herein are for informational and educational purposes only and should not be considered as individual investment advise or recommendations. I am not your financial advisor. Risk it for Biscuit.
Disclaimer : The opinions and analysis expressed herein are for informational and educational purposes only and should not be considered as individual investment advise or recommendations. I am not your financial advisor. Risk it for Biscuit.
On the way to reversal mode.
Professional Day/ Short-Term Swing Trader. Ideas and entities are opinions. Trade at YOUR OWN RISK. I am not your financial advisor. Risk it for the biscuit.
Amrutanjan @ 339 || 29-May-20 || 01-HR
- Is it preparing for an upward level ?
- Let see the price action - BUY once it crosses 347
- Only caution is MACD - so watchout how MACDline functions till the time breakout comes.
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Looks like a nice Wyckoff Re-Accumulation. Notice the steady drop in volume as the range progressed. This is a typical sign of accumulation. Sellers dry up as buyers lap up available supply. Notice the spike in volume in the current bar. Indicates buyers are getting aggressive.
A breakout past the top of the range at 540-ish would be a sign of strength and...
