Hello Friends,
Here we had shared possible Elliott wave counts on chart of TPL Plastech ltd. which is showing currently we are in impulse wave, we have completed wave (1) and wave (2) of some degree, & now possibly we are unfolding wave (3), in which we had completed wave 1 and 2 and possibly now we are unfolding wave 3 and again in which we had completed wave...
Fundamentally there is nothing encouraging here however, purely on technical basis, this stock seems to be ready for a big move.
RSI breakout is an early indication, and the relative strength of the stock seems to be in a very sweet spot.
A triple bottom is adding confidence to this Low-Risk High Reward setup.
Key Points:
- Breakout from very Long period consolidation zone
- RSI > 70 and Crossed RSI MA
- All EMA crossed and good potential of up-move
- Resistance Level breakout
- Portfolio component
In Gujarati “ Bhav is Bhagwan ”
Disclaimer :
I am not a SEBI registered Analyst.
Please do your own Analysis before taking any trade/investment.
The above view is just...
The stock of Symphony has been following a descending triangle pattern. It has a strong demand zone near 800 levels and currently, its looking to give a bullish breakout from the trendline resistance. Next supply zone is around 1200-1220 levels.
The company has also announced a buyback at Rs. 2000/ share. Also, the summer heat might help boost the revenue in Q4...
BUY Intellect closing 461.6 with stoploss 420 then targets are 500-550-600-700.
Buying Reason.
1 --> Price made the ragne and wait for breakout.
2 --> RSI is ready cross 60.
3 --> ADX is show the Bullish move +DMI is bullish.
4 --> Bounce from the Demand Zone.
Key Points:
- On daily chart strong Bullish breakout momentum seen with potential of 15% rise from retracement price of Rs. 153
- Resistance breakout @ 153
- RSI > 70
- Tech showing buy signals
- Price is above 20,50,200 EMA
- Volume is above VMA
Bhav is “ Bhagwan ”
Disclaimer :
I am not a SEBI registered Analyst.
Please do your own Analysis before taking any...
Key Points:
- Bullish cup and handle patter with potential of 23% rise from current price
- Resistance breakout @ 474
- RSI near to cross 70
- Tech showing buy signals
- Price is above 20,50,200 EMA
- Volume above average
- Super trend is possitive
Bhav is “ Bhagwan ”
Disclaimer :
I am not a SEBI registered Analyst.
Please do your own Analysis before...
Key Points:
- Ascending Triangle
- Resistance @ 234 & Support @220
- RSI crossing 63
- Tech showing buy signals
- Price is above 20,50,200 EMA
- Potential uptrend above 250 to 265 and next level 300
Bhav is Bhagwan - Find your Bhagwan
Disclaimer :
I am not a SEBI registered Analyst.
Please do your own Analysis before taking any action.
The above view is...
1. On daily chart with technical view I have seen bullish trendline breakout with upside move.
2. The closing price is also closed above 68% FAB retracement level which also shows positive trend.
3. MA i.e. 21-11 cross over is seen upward move.
4. RSI is near to 70 i.e. 68.
I can see 20 to 25 points upside move in near short term.
P.S. This technical analysis...
As per weekly chart Coforge is looking quite strong, Weekly RSI has already broken out of its resistance of 48. Personally I would want weekly RSI to be above 55 for bigger upmove or price to give pullback to 3645 levels. I will be keeping eye on this counter for quick 5-6% gain if price sustain above 3700 levels, or price to give pullback to 3645 level for great...
Granules India has maintained support of 340 price level after breakout.
As identified in chart, Bull has made counter attack the bear candle.
RSI is also increase by taking support of 60 levels,this shows stock is still in bullish momentum.
If volume is consider, current candle has above average volume.
Target of 395 can be achieved in upcoming...
