Despite multiple failures to break 61.8% Fibonacci retracement of June–August downside, not to forget the double-tops marked in July, gold prices stay above 100-day and 200-day EMA confluence amid firmer RSI and MACD conditions. The same keeps the buyers hopeful to mark one more effort to cross the key Fibonacci hurdle and double tops, respectively around $1,822...
Riding the Inverted Head and Shoulder Pattern here.
Weekly chart so time frame is minimum 3months to a year.
MACD is about to crossover.
Took support at 20 EMA.
3 months of Consolidation Breaout , if supported with good volumes Stock is ready to give Breakout and good participant for Rally
RS : positive
RSI : positive
MACD : Positive
Staying Above 315 can give Breakout in the stock
NSE:CONCOR
Container Corporation Of India Limited - Given Wedge Breakout
With above average volume, RSI and MACD both look attractive.
Target 791 Stop loss 700
ICICI LOMBARD has been consolidating in the range of 1622-1291 for the past year, however, it has breached its upper supply zone with a positive MACD crossover the stock is likely to change its mode to bull side, The security hasn't shown any above-average volume in the market, with two more days to end this week s trade with a sufficient volume change the sock...
Beautiful Triangle formation and Fibonacci retracement rule followed.
The RSI and MACD also giving green signal
When consistently the trend line is crossed and closes on daily chart above trend line, then you can go for buy.
If you check the weekly chart also, a morning star formation is happening. THAT IS ALSO GOOD SIGN.
Hi Friends,
Pranam!!!
We are going to analysis the script in the small cap finance segment company Dolat Investments Ltd!!
Fundamentally Script was very good based on the following basis screening:
1. Company Profit growth for the last 5 financial years was above 20pct.
2. Sales growth of the company was above 5pct
3. Average return on capital employed for the...
The stock took support at 0.5 Fibonacci Retracement which is a good sign for a reversal.
Travelling in the downward channel , I expect it to breakout in September.
There has been a good accumulation in July as well.
MACD line bend upwards also is in sweet spot for the crossover when it rises.
Ascending Channel Pattern,
A Strong Support level can be observed as it has been Trending above the SMA 180 (tells the overall direction of the stock).
The Ticker has bounced off the Support and now has consolidated at 145.
In a short period of time,
T1. is 6% and T2. is 12%.
MACD is giving a Buy Signal.
Empower yourself by Understanding the...
Lal Path gave an outstanding result this quarter, it has almost reached its support and the RSI and MACD too seem turning bullish. This seems like a good long set up.
