Inverse Head and Shoulders pattern formed on daily charts
RS line suggests that the stock is showing strength
RSI crosses 60 and gives a near term trendline breakout
Earnings is behind us with a positive surprise which could act as a trigger towards pushing prices up
Pattern suggests Price tgt of 610 trade can be taken with SL being close below 21 EMA
CIEIndia has formed a beautiful flag & pole pattern whose breakout is expected soon.
If stock gives weekly closing above 500, we can see quick big bullish move in this stock.
Keep in your watchlist.
Stock has very good fundamentals and is in auto ancillary sector.
For long term investors, SL should be below 400 MCB and targets should be 1000++
CIEINDIA has been into consolidation since 9 months and has given trendline breakout above 495 resistance levels with good volumes.
Target: 580+, 650+, 750+
SL: Daily candle close below 490.
Hi,
NSE:CIEINDIA has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on daily, weekly and Monthly time frames. RSI is also on the bullish side on daily and weekly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry,...
#CIEINDIA
Price has been consolidating for few weeks after the Dec quarter ended. After that, investors' confusion can be seen clearly in daily chart.
The last good move came on Jan 1 2024 with 5% and volume 1.8 million. After that, neither the high of that candle has broken nor the lows are taken.
It clearly suggests one thing - investors are waiting for the...
CIEINDIA- VCP in Making by SG Gallantispat
1) Huge COnsolidation
2) Breakout possible after Dashed red line
3) Lets see and Enjoy
Please Follow and Upvote
Go Long above 488 for Targets of 511.8, 535.6, and 559.4 with SL 464.2
Reasons to go Long:
1. On a Weekly timeframe the stock gave Trendline breakout.
2. If we draw the Fibonacci retracement tool from the swing low (point A) to the swing high (point B) then we see stock took support from the 0.618 Fibonacci level.
3. Also a bullish candlestick pattern Bullish...
CIE automotive India is currently in a distribution face after a rally and it has exactly reversed from a key pivot level. Since a red candle has been formed with huge volumes and it’s a bearish engulfing on daily time frame price, is currently consolidating since change in trend is bound to happen When such a candle happens.Once price takes it’s all time high,...
cie Stock forms a daily triangle pattern , its breaking out ! i personally prefer tight stop loss and huge rewards , keep sl at a comfortable place & try this out !
Im not a registered analyst , please take trades on your own risk.
CIE automotive taking support at 446
A strong support observed, for immediate targets of 502,525,536,570+
Stop loss around 440 is seen
This chart is only for educational purpose do your own study before taking any trades
CIE INDIA previously Mahindra CIE retested previous breakout zone/demand zone 460~470 and now ready to move up further.
Two target T1-575 previous high and T2-666
SL-460
