FConsumer CMP - 8 Stop - 5 on DCB Expectation - T1 - 21 T2 - Open, Review at 21 Expected Holding Period - 120 trading days or earlier for T1 Ideas being shared only for educational purpose
Future Consumer has got lenders approval for debt cast. kamath committee to approve
Chart is self explanatory Target -> 15
RSI is making newer highs although price is not following the momentum
GO LONG : FC Consumer_Slope of Impulse Move getting flatter with target of Rs. 47/48...
A bounce possible in the next trading session
This is my Personal View Please Do Your Own Analysis
It will be interesting play in coming days. Either it will test the cloud and fail to breach it or will breach it for a bullish uptrend. Trade accordingly. Please do your own research before investing.
descending triangle and fib on 61.8 level,,,,,great area of interest..
Stock is at a critical point where it has held its 20 DMA support and at the verge of breaking out of the channel. A good entry point with 52.5 as SL for targets 65.5/79/97 Possible resistance levels have been mentioned in the chart. Disclaimer : For study/discussion purpose only, not a trading recommendation.
Price has been continuously closing above 20 day SMA for last 4 candles (green line on chart). MACD line (green) crossing above Signal line (red) in oversold zone. Increasing average volumes.
Inverted cup and handle formation happening and will be confirmed when stock breaches 58.