this stock making very good pattern and 1300 is possible in coming minths
Not a recommendation. Some technical analysis for this stock which is at interesting levels right now.
on Weekly close abv 643 Target opens up 685 /709 / 722 on #candleshunting Stop Loss 610
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
Matrimony is gaining momentum on weekly time frame with a BO of falling trendline. Keep on radar for weekly closing for BO confirmation.
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
Rounding bottom with volume addition, the breakout may push the prices really high
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...
Check the chart Not excited about the trade prospects on this stock currently..
1. CUP & Handle Pattern 2. Consolidation breakout pattern in Daily chart 3. Near ATH
EDUCATIONAL PURPOSE
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