Matrimony-A weekly breakout for ATH target is done!Matrimony has finally given weekly closing above its weekly supply zone of 730-750.
Stock can fly if it manages to sustain above this zone.
ATH target can be expected. Not a recommendation.
MATRIMONY trade ideas
STOCK IDEA - MATRIMONY.COMSTOCK IDEA - MATRIMONY.COM
Good upside potential
target price -1100 rs
tieme frame- 6 to 12 months
promoter holding increased in Decemebr 2024 Quarter
Two buybacks by company at 1150 rs and 1025 rs
Strong technicals and fundamentals
MATRIMONY - Ready for BreakoutMATRIMONY - Matrimony.com Ltd shows a promising technical setup with signs of a potential bullish move, given certain conditions are met.
Here’s a detailed analysis:
103-Week Downtrend and Consolidation: The chart indicates a prolonged downtrend lasting about 103 weeks, followed by a consolidation phase of similar length. This long consolidation after a downtrend typically signifies accumulation, where sellers lose strength and buyers start gaining control.
Double Bottom Pattern: A double bottom has formed, which is a bullish reversal pattern. This suggests that buyers are stepping in at a certain support level, preventing the price from declining further.
Stage 2 Breakout: The stock has successfully broken out of its Stage 2 area, indicating a transition into an uptrend. This is typically a strong sign that the stock is moving from consolidation to growth.
Small Base Formation and Support: After the breakout, the stock formed a small base above the support level, showing stability and giving further confidence in the continuation of the uptrend. This base acts as a springboard for further upward movement.
20-Week and 40-Week Moving Average Crossover: The chart shows a bullish crossover where the 20-week moving average crosses above the 40-week moving average, confirming the beginning of a potential uptrend. This crossover often acts as a strong buy signal.
Volume Analysis: Volume appears to have increased significantly on breakout days, suggesting that institutional buyers are likely entering the stock, which further supports the bullish scenario.
Targets: If the stock sustains above the small base and support levels, it may reach the following targets:
Target 1: ₹990
Target 2: ₹1,041
Target 3: ₹1,200
Conclusion
The technical setup of Matrimony.com Ltd. is showing bullish signals, with a double bottom pattern, Stage 2 breakout, moving average crossover, and high volume support. The stock appears ready for an uptrend if it holds above its current support level. A break above the small base would provide confirmation, and it may reach the projected targets in the coming weeks.
Breakout with Good Volume NSE:MATRIMONY
✨MATRIMONY
✨Volume Build Up
✨Above All Imp. EMA
✨Above 660 can expect good up move
✨Keep an Eye on Result
Stock : Matrimony.com Ltd Not a recommendation. Some technical analysis for this stock which is at interesting levels right now.
#MATRIMONY close abv 643 , tgt 685 /709 / 722 on Weekly close abv 643
Target opens up 685 /709 / 722 on #candleshunting
Stop Loss 610
MATRIMONY #BUYBACK #STOCKMARKETRecord date fixed on 4th july
Ex-date 1st july
Last day to buy for bb 30th june
Expecting support near 790 to 800 levels
And target can be
Short term : 930 to 950 (~ 15%)
Long term : 1100 to 1150 (~40%)
Expecting ER to be around 15% and
AR to be around 30-35% for buyback
Matrimony: Gaining momentum with falling trend line BOMatrimony is gaining momentum on weekly time frame with a BO of falling trendline. Keep on radar for weekly closing for BO confirmation.
MATRIMONY Bullish vibesAbove 942 is the Trend change level for Matrimony please keep watch for upside price break out .
Observations : Stock is very near to 100 MA
Double top and double bottom pattern.
matrimony is form Bullish Divergencematrimony form bullish divergence . stock form w pattern . stock is on demand area. & currently on very important trendline resistance line is faced by stock . when stock breakout stock trendline then we can buy the stock.
MATRIMONYn very good support level
we can see more upside levels in future in it
Not any recommendation
thank you ..!
Matrimony looks good for swing tradeMatrimony looks good for short term view
View negative below closing of 975
DISCLAIMER
( Educational Purpose )
All investments involve risk.
Please Do your analysis before initiating Any trade
Good luck !
Matrimony - Livermore Cylinder Pattern about to BreakoutMatrimony Stock is about to breakout from Livemore Cylinder Pattern which is a reversal pattern. There is also Cup Pattern. So the stock may go long.
Please check the chart for details. Mentioned clearly about the support and resistance points.
I am learning as well. so please analyze the chart by yourselves before taking any decisions.
Criticism always welcomed
Breakout in Matrimony.Com...Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
watch for resistance breakoutbuy above 1085 for swing and Intraday
for swing keep Sl at 1000
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.
What is up with #MATRIMONY?Check the chart
Not excited about the trade prospects on this stock currently..
MATRIMONY Positional Long (Weekly Chart)1. CUP & Handle Pattern
2. Consolidation breakout pattern in Daily chart
3. Near ATH
Matrimony Long ViewBuy Matrimony CMP: 963 SL: 830 Targets: 1100/1200/1300+ 12 days to 90 days view
Up Trend + Rounding Bottom Formation, Any time sharp upside movement expected to test 1100-1200 Levels
