Advenzymes has taken a dip of about 40% from its all time high of 503.70 on 19/05/2021. However, fundamentals have not fallen to the comparable intensity. Positive Triggers: 1. Positive RSI Divergence: 2 times positive RSI divergence within short period of time 2. Prices moving up after a healthy consolidation within same range for longer time 3. W Pattern is in...
AegisChem has already gone through a healthy consolidation phase, and now, trajecting in a northward journey. 1. Positive RSI Divergences: It gave two positive RSI divergences 2. W Pattern: It seems to be making W Pattern. It is moving towards its trough area. Once, the trough is cleared, it will move upside with further more strength 3. Price Volume...
Shemaroo corrected long way from 169.3 on 23/09 to 116.60 on 20/12. Since then, it is creating a healthy consolidation. Positive Indicators: 1. Trend Breakout: Breakout from a negative trend 2. Positive RSI divergence 3. RSI Crossover with price breaking out of negative trend After clearing out of 131, next strong resistances are around 135-140. Then on, it has...
SMS Pharmaceuticals underwent long downtrend from 198.8 on 05/08 to 116 on 20/12. This trend seems to have gotten over with Higher High and Higher Low pattern since 20/12. Pattern: 1. Higher High Lower Low on Daily basis from 20/12 2. Cup and Handle Pattern beginning from from 04/11/21 Technicals: 1. Positive RSI Divergence 2. RSI Cross over on daily basis 3....
Colpal was correcting from 1823 on 26/07 down to 1393 on 20/12. After consolidating for about a month, it is showing increased interest. Positive RSI Divergence: Positive RSI divergence observed since 20/12 44 DMA Breakout: Today's candle opened above 44 DMA and morning hours observed good volumes till now Double Bottom: It seems it created double bottom today...
Sanofi was correcting from 11/08 from 9275 and it went down to the level of 7435 on 20/12. Since then, it is consolidating in a healthy way. It now seems to be a reversal candidate and uptrend may start soon and strongly. Chart Pattern: 1. Double Bottom - It created double bottom with second bottom above the initial - It created double bottom with positive RSI...
07 Months long consolidations #Breakout . Our work is manage our quantity and risk .
After falling down snce IPO, Sigachi has corrected hugely and from last few days it is showing healthy correction. Yesterday, it created an inverted hammer with high volumes and today it gave a following green candle with higher volume than yesterday. It is a clear buy signal from inverted hammer pattern. Also, RSI gave a huge breakout, which indicates strong...
Technical View: 1. Very Quality stock, and it has broken out from negative trendline with long green body candle and high volume. 2. RSI Crossover on daily basis Fundamental View: 1. First Indian company to be granted the license to manufacture Insecticide Diron, similar to Japan (Data from screener) 2. Operating profit margin tripled from 2% in FY2020 to 6% in...
NMDC - Price action analysis Trading in a range for 9 years Triple bottom pattern formed, breakout and at retest level entry level at cmp - 140.5 Target - 280 (Long term) - 100% # el_plantrader #Tradewithelplan #Tradewithaplan
Previous resistance becomes support now . You can place stop loss near -175.00 (Daily closing ) or modified as per your risk and always quantity under your control .
When price consolidate above 200 Day Moving Average and break the upper boundary with extremely high volume then high probability price continue the Trend. Our work is only Manage Quantity and Risk . STOP LOSS - AS per your Risk or below Today's candle Low
Price break the multiyear resistance and weekly close above the resistance zone and price also trading in a Uptrend channel .
forming a wedge pattern jsw steel seems to be ready for breakout and can give good target in short term swing
Price breakout for 22 Years Consolidation and now pullback its well defined support Level and Bounce from it . if price hold the 95.00 level then we will see a good move up 200 or above .
NSE:MOREPENLAB MOREPENLAB CMP:52.65 Buying zone: 45-55 Add Till: 35 SL: 24 Expected Targets: 65/72/82/105/120/175/200 Expecting high ROI in this one ! Can be a multi-bagger candidate for 2022
The analysis is done on Monthly TF hence price may take few months to even couple of years in order to reach the targets. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn...
Looking all set to become a Portfolio stock. Above 200 and monthly closing above 200 will open the gates for 275/350 in coming weeks. Happy Investing!