Trend Breakout: Arihant Capital has broken out above the crucial level of 80, signaling a potential shift in the trend to the upside.
Weekly Candlestick Strength: The stock exhibits a strong closing with an engulfing candlestick pattern on the weekly timeframe, indicating significant bullish sentiment among investors.
RSI Breakout and Volume Surge: The Relative...
-flag and pole pattern breakout possible above 79
-strong closing in weekly basis
-engulfing candle- looks promising for upside momentum
-rise in rsi along with volume
- i am expecting 110 level soon
⚡️ATH breakout expected
⚡️Made base near 34 levels after good correction from ATH
⚡️140% return since Jun 23
⚡13 Weeks Tight Consolidation
🔴 SL 67
🟡 CMP 72
🟢 TGT 80/90/108
BUY - ARIHANT CAPITAL MARKETS LTD
CMP - Rs. 70
Target - 1: Rs. 90
Target - 2: Rs. 115
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Timeframe - 3 months - 8 months
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Technicals - Trendline Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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can see it has already corrected from an high of 188.85
currently good to take or wait for breakout
can keep sl at 133 ,,tgt -1 160 ,or can add on dip if breaks down at 125 instead of stop loss already stock corrected so low chance that it will break down
rsi shows positive divergence and macd turning positive
disclaimer- this is not any investment call or idea ,...
Buy - 137-135
SL - Below !34 Daily Closing Basis.
Target - 155-160++++
Newly Listed Company Looking Good On Charts ..
Fundamentals Of The Company Checked ..
Can Be Good Long Term Portfolio Pick Too..
IPO Investment ..
