beautiful set up on chart, long consolidation... Channel BO candidate, double bottom candidate, RSI BO, RSI @ 69 (good) & Increase in volumes over the consolidation period...all makes it a perfect BO candidate..a perfect text book example!.wait & watch..will it give a BO?
Disc : Invested, not a reco for Buy/sell
KMCSHIL has a symmetrical triangle pattern formation on the daily chart. Stock has been consolidating from mid September. The RSI is not quite encouraging at 43, but seems has given a BO, While todays closing candle is just outside the triangle pattern. stock has form a a good base around 59-61 & held it well during past 1 weeks correction. Low risk : High reward...
Balaji amines, on daily chart..RSI BO, Descending Triangle BO, Volumes for today were very good, strong closing, RSI is close to 60 good strength, Small resistance at 3600...weekly chart also looks good
Morepen labs seems to be a BO candidate on daily chart, RSI is just close 60 & seem sshowing divergence, volumes look decent, have been consolidating since June-July, Keep on radar.
Disc; Invested: Not a reco to buy or selff
ACE is currently retesting the BO on monthly chart after almost 6 months of BO. Has sustained well above the BO neckline for Nov & December till date. A monthly close above 199 should keep intact the support.
A move above 235 will give a strong 14 year BO, target of 29I previous ATH. RSI seems to have given a positive divergence, monthly RSI above 60.
#FRESHVIEW (DT 14.05.2021)
#JAIN_IRRIGATION CMP 19+
LEAST SUPPORT 3
IF RESISTANCE BREAK
CHART FOR EDUCATION PURPOSE
HOPE FOR THE BEST