Record 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
Above 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 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.
Matrimony 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 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
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.
buy 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...
Buy 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
