Andhra Paper analysis on 23 Jun 24 Formation of Cup and Handle pattern on monthly time frame breakout of C & H Pattern and support near B/O Add some quantity now Try to add on dip 490 to 500 Target 600 - 650 - 700 - 750 - 800 Cup and handle pattern target 850 (Stock split is declaired 1: 5) Fundamental Anallysis promoter holding 71% FII holding 2.33 stock PE...
The "Cup with Handle" pattern is a bullish continuation chart pattern that signals a potential continuation of an uptrend after a period of consolidation. When observed in Peninsula Land's stock chart, this pattern indicates the possibility of further price increases. Cup with handle pattern formation complete in 4 months Key Characteristics: Cup Shape: The...
Hello Everyone. The market was in a bearish mode previous day. If the market opens flat then we can see continuation of trend. If it opens gap up then we need to see the resistance level to break before looking for CE trades. If it opens gap down then look for PE trades after support zone is broken. Let the market settle in first 15 to 30 minutes then look for...
Price Levels: Current Price: The current price is around INR 1,561.00. Support Level: The support level appears to be around INR 1,551.50. Resistance Level: The resistance level is marked at INR 1,703.65. Key Observations: The stock has tested the support level around INR 1,551.50 multiple times, indicating it is a significant support zone. Breaking below this...
Nifty looks like will test 23200 level for once and then resume its upward movement towards 23800-24200-24800. Its lacking the momentum as of now. Bank Nifty has given a strong breakout and we saw 2000 points rally as well!! above 51900 it will open doors for 54100.
The "Double Bottom" pattern is a bullish reversal chart pattern that suggests the end of a downtrend and the beginning of an uptrend. When observed in Dalmia Bharat's stock chart, this pattern indicates a potential increase in the stock's price. It took almost 2 months to complete the pattern. Key Characteristics: Shape: The pattern consists of two distinct...
Reasons for Bias: Trend Reversal: The stock has shifted from a bearish to a bullish trend. Strong Trend Momentum: There is strong momentum driving the trend, indicating sustained buying interest. Patterns Involved: -Cup and Handle (Monthly Timeframe): The stock is forming a cup and handle pattern on the monthly timeframe, which is a bullish continuation...
Valuation : PE = 5.32 FII dumped their money in this stock for last three years. (+15%) Excellent ROCE and ROE > 30%, Dividend Yield = 2.79 %, CAGR over last 5 years > 70% Fresh entry above Rs.800 is good to accumulate for LIFETIME.
The stock has had many bull rallies in the past and has been a multibagger. Despite the significant price movement, the stock is not considered inflated, as the fundamentals have kept pace with the increasing price demand. Historically, the stock moves in cycles of rallies and consolidations, and it is currently transitioning from a consolidation phase to a rally phase.
The "Rounding Bottom" or "Saucer Bottom" chart pattern is a technical analysis indicator that can signal a potential bullish reversal in the price of a stock. When observed in Bajaj Consumer's stock chart, this pattern suggests that the stock may have reached its lowest point and is poised for an upward trend. Key points to note that when bullish curve started,...
Bayer CropScience Ltd: Cup & Handle Pattern 59 % upside potential Price breaksout through neckline with huge volume and trading above it. Levels mentioned on chart & given targets seems achievable. Plan your trade accordingly. Views are for ‘’EDUCATIONAL PURPOSE ONLY’’,trade at your own risk. "Trade what you see, Not what You Think" Happy Trading(:)
The downward trend seems to have ended although no one can be sure of it. Technical factors 1. local ema support, 2. price action favouring bullish upcomming move(candles), 3. change in structure.
Monday can be day 2 of the short term downtrend. Stop 23600 Expecting decisive moves in next week. I Calculated the number of stocks in strong uptrend. The number of stocks in strong uptrend: 14 June: 66 21 June: 35 Sentiment in market has changed in last week. Lets see. The definition of strong uptrend is subjective.
confulences initating bias- The stock is receiving support from local EMAs and has reversed towards the mean. It is forming a higher low, indicative of a flag pattern. Additionally, there is a strong rejection observed at the support level, which infers buyer dominance.
Can Render Price Rise From The Support Or Continue To Plunge? Render Price fell sharply after the breakdown below the Psychological level of $10. The RNDR token price currently seems to be stabilizing near the 200 day Exponential moving average. The Render crypto seemed to be stabilizing near the 200 day Exponential moving average in the recent sessions. The...
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Hello Traders, Welcome to SriTrader5121 ______________________________________ Overall view for the day Buy - with the support of Important_level Sell - with the rejection of Important_level Major Support - Around 2335# Major Resistance - Around 2360# See the price action at our zones, take the trade according to your Risk - Reward. Happy...
BANDHAN BANK is at a support turned resistance @ 207-212. Also looking at the Long Term chart a Rounding Bottom formation can be seen with a High of 263. First it has to break the resistance zone @ 207-212 convincingly for a 1st Target of 260. Keep on your Watchlist.