SHEMAROO ACCUMULATION SEEN NEAR LOWER END OF PARALLEL CHANELShemaroo has been following a upward parallel channel for past 4 yrs.
Higher volumes on monthly timeframe in past 1 yr suggest accumulation in this stock.
Near 145-155 levels there is a good risk reward opportunity for going long. Buying zone near 150 levels; tgt 225>>255>325; once can keep 125 stop on weekly closing basis.
SHEMAROO
SHEMAROO - Ichimoku Breakout📈 Stock Name - Shemaroo Entertainment Limited
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 208.
🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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SHEMAROO - Ichimoku Breakout📈 Stock Name - Shemaroo Entertainment Limited
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 190.
🚨 Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
#CloudTrading
#IchimokuCloud
#IchimokuFollowers
#Ichimokuexpert
Excited about this analysis? Share your thoughts in the comments below!
👍 Like, Share, and Subscribe for daily market insights! 🚀
#StockAnalysis #MarketWatch #TradingEducation #ichimoku
Is the base formed?Chart -> Shemaroo Weekly
150 to 178, was a hurdle for the stock after a huge downtrend. But in the last week, it has tried to cross the hurdle with volume sparks. Is the base formed?
CMP: 182
Good range: 150 to 160
Targets: 234, 268 and more
SL: 132, weekly close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
SHEMAROO - Ichimoku Bullish Breakout Stock Name - Shemaroo Entertainment Limited
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 188
#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, it motivates me to do analysis.
Shemaroo - Trend ReversalShemaroo corrected long way from 169.3 on 23/09 to 116.60 on 20/12. Since then, it is creating a healthy consolidation.
Positive Indicators:
1. Trend Breakout: Breakout from a negative trend
2. Positive RSI divergence
3. RSI Crossover with price breaking out of negative trend
After clearing out of 131, next strong resistances are around 135-140. Then on, it has a huge upside potential with targets of 153, 165, 175 and then it will be in open chart area.
SL: 115