LIBAS- 3 Months + 8 Day 1) HSH formation detected 2) Inclined HSH 3) Nice COnsolidation 4) Lets See
Libas Weekly Analysis CMP 15. 2 Buy for Target 20- 27- 38- 47- 59+ SL below 9 holding period 2-3 years
in this chart correction happened alot . one time it tried to go up side now it is second time.
LIBAS stock is showing promise for a positional play. In my opinion, the potential for an upward move is high. The current market conditions suggest a favorable trend.
decent volume observed in the recent days. breakout from long consolidation. stage1 breakout. trading above all key MA on daily chart.
This is a purely technical analysis based on price action. The stock should cross previous resistance of Rs 20 with great volumes. Views invalid, if the stock hits its stop loss as indicated on the chart.
After very long time period very huge volume came in this stock so take small risk to make big profit
#LIBAS Buy-Above 30 Sl-25 T-40 48 55+ LIBAS after giving a very good correction, it has been consolidating in range since last 100 days or 3 months. The stock is ready to breakout. Aggressive traders can accumulate near 30. Safe trader should enter above 35 after the range is taken out. Sl will be the range low i.e 25. 1st target will give us a RR of 1:2.
if this stock take support at 28 then bullish movement can come. exept fundamentals