Can test 287/277 Fib levels before zooming up ??
THIS IS JUST AN EXAMPLE ABOUT THE POWER OF TECHNICAL ANALYSIS....I SHARED RUPA'S CHART ON 1ST WEEK OF DECEMBER....STILL NOW STOCK TRADING 100+ POINTS UP FROM MY ENTRY LEVEL......MY ENTRY @228 NOW 330.....WHAT MORE TO SAY....DO WATCH I AM SHARING MY OLD CHART TOOO......CLICK BELOW
Stock has given a fresh inverse head and shoulders pattern breakout over the levels of 250 on weekly charts with the highest volume since 2017. Counter looks pretty comfortable to approach the targets mentioned on charts in a little time, keep a stop-loss of the mentioned level on weekly closing basis.
Update to the earlier post. Breakout given within short period. First TGT of 300 achieved. Another TGT 360.
Trendlines are marked. Candle is full bullish and you shall buy on dips. Also, volumes are rocket high breaking the record of 3.5 yrs!
Explanation in Chart. Strong fundamental company. TGT 300-360.
RUPA & CO. is showing positive crossover on daily RSI & CCI, Friday's volume was too high but counter couldn't sustain at higher level. When you go on weekly chart you will find that counter has reversed twice from the support zone of 225-230 (pink line). This time we saw huge volume on weekly basis. In addition to this, weekly candle's body has almost covered...
Good triangle breakout with volumes and after that consolidating. Could be a good buying opportunity around current levels
Rupa has given a price-volume breakout with a inverse head and shoulder pattern from a 3-year correction. Price targets from this pattern work close to 600 lvls.