KAMOPAINTS - Daily Chart Analysis, CMP-217.70As the weekly chart does not have much history to the left, this time we will go with the daily timeframe. The stock is coming out of 23 Week base with a probable VCP(Volume contraction pattern). Volumes went dry since Aug2023 till Nov2023. Good volumes started building up after that while the volumes on the down days were very low as compared to the up volume days. This shows punter's footprints. After breaking out of the probable low cheat zone(178-181) it has sustained above it for almost a two weeks now.
The stock is trading above all its key moving averages too.
A weekly close and follow up there after below 195 would negate our view.
272.50 - 309.90 - 357.50 (as per the trend based fib) are the probable level it can test in the future.
Disclaimer: This is just a study and shared here for educational purpose. It is not a buy/sell recommendation in any way. If you intend to trade this counter then do your own due diligence and trade at your own risk.
KAMOPAINTS
KAMOPAINTS - DIVERGENCE & CONFLUENCE WITH H&S!Points to Note:
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1. A hidden divergence with RSI, at the 61.8% level showing Oversold levels
2. An inverse Head & Shoulders(H&S) showing accumulation
3. A healthy breakout with volumes out of both the downward Trendline & the H&S
4. Good Price to buy, at the retest of the trendline
Disclaimer: This is merely an observation & NOT a Trade recommendation. Please take trades at your own discretion & analysis.
KAMOPAINTS - Ichimoku Bullish Breakout Stock Name - Kamdhenu Ventures Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 250
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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KAMOPAINTS- Ichimoku Bullish Breakout Stock Name - Kamdhenu Ventures Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 217
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, share & subscribe for daily analysis.