Cupid - Weekly - Trendline - Support - Resistance
1. RSI Bullish Divergence - Observed in Hourly.
2. Recovering from the lows of double bottom.
3. Resistance around ~150.
Technical details:
1) Stock has last week broken out of an one and half year downward channel with huge volumes and reached a high of around Rs 420.
2) In that process stock's 30 day ema has crossed 200 day ema.
3) CMP is around 345 meaning STOCK HAS CORRECTED FROM A HIGH OF 420 TO 345.
4) 4 HOUR CHART REVEALS HIDDEN BULLISH DIVERGENCE VIS-A-VIS STOCH 14,3,3 /...
Technical details:
1) Stock has last week broken out of an one and half year downward channel with huge volumes and reached a high of around Rs 420.
2) In that process stock's 30 day ema has crossed 200 day ema.
3) CMP is around 385.
Fundamental details:
Profitability:
1) Current RoE at 47%; Average 3 year RoE at 46.5%; Average 5 year RoE at 35%.
2) QoQ proit...
Friday's Price action is suggesting its gearing up for a breakout.
Keep an eye on this.
Athough this has not broken out of wedge yet, but if riskers want they can buy this with SL of close below 255
Target 300 and then more.
