Mgl is making inverted head and shoulder on weekly chart. Price is closing on weekly Ema 52 with RSI positive divergence which indicates some short term strong bullish up moves. Fundamentally also good as PE and EPS.
As you can see in the following chart, the stock has been in a strong downtrend in weekly chart.
You can witness that it didn't break the highs of any weekly candles except the one.
There is always a resistance at the highs of red candles. But, if the resistance get's hit many time, it become weak and there is a good probability of price moving...
For the people who has conviction in Zomato's future, this is the best time to buy shares (based on my analysis). You can consider investing 5% of your capital only. Never ever sell your investments at a loss. Zomato can be considered as a "beaten dog". One of the reason it has fallen so much, is due to sell-off in US Tech companies (Netflix, FB, Etc)....
Engineering India weekly chart : Superb bullish setup on chart double bottom and in second bottom there is a inverted head shoulder breakout is confirmed double bottom after a long period of consolidation.
Alkem looks good for swing Trade
He breaks Flag and pole pattern on Weekly time frame and also maked double bottom pattern
It's good for buy above if sustain then Buy 3250-3255 in this Rang
Disclaimer:- Fundamentally this stock is not good so don't invest more .
This is only for educational purpose
Weekly chart of Bluestar shows promise, I have been tracking this stock for last 1 year now. From 8th Nov 2021 price resistance of Rs 1085 been multiple times tested, 2 consecutive daily closing above this level can bring fresh momentum. If you are a breakout trader (keeping yesterday correction in Nifty), enter only with 50-60% of plan qty and pyramid more once...
1. Apollo tyre formed bull flag pattern in weekly.., after huge rally in 2020 its traded in rangebound market past 1.5 years
2. now the stock range bound phase done..,
3. also double bottom in weekly breakout
4. buy for swing trade first target 280
target period 4 weeks
5.for investment also gud...
Cup & Handle Pattern is the most Trusted pattern with highest accuracy.
Century Textiles is fundamentally very sound stock with no debt. The Revenue and EPS of the Company has grown continuously.
Mutual Funds hold almost 14% stake and FPI hold nearly 8%. This provides us a strong sign for the company.
Technically the Price Chart is bullish on all time...
Weekly chart of Grindwell Norton, highest weekly close after 24th Jan 2022, good volumes, RSI breakout also. Above 2017 it can touch 2251 quickly, if it sustains between 1900-2000 for another 1-2 weeks then good upmove expected. Keep eyes open