Chart -> Shemaroo Weekly
150 to 178, was a hurdle for the stock after a huge downtrend. But in the last week, it has tried to cross the hurdle with volume sparks. Is the base formed?
CMP: 182
Good range: 150 to 160
Targets: 234, 268 and more
SL: 132, weekly close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am...
Inverse Head and Shoulders #Breakout at #SHEMAROO (Shemaroo Entertainment Ltd) Weekly Chart. Its #Outperformed #Nifty.
BSE: 538685 \ NSE : SHEMAROO
What Is the Inverse Head and Shoulders?
An inverse head and shoulders, also called a "head and shoulders bottom", is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top...
Stock Name - Shemaroo Entertainment Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 188
#This is not Buy and Sell recommendation to any one. This is for...
channel pattern with horizontal support
candle closing above channel not yet but we can initiate a trade with small quantity & after closing with bullish candle we can add remain quantities.
stop loss, entry & exit mention in chart.
Shemaroo corrected long way from 169.3 on 23/09 to 116.60 on 20/12. Since then, it is creating a healthy consolidation.
Positive Indicators:
1. Trend Breakout: Breakout from a negative trend
2. Positive RSI divergence
3. RSI Crossover with price breaking out of negative trend
After clearing out of 131, next strong resistances are around 135-140. Then on, it has...
Fundas are not good
but still chart pattern volume bar pattern looks, it may has potential to hit wave 3 target of 1.6 extention
Sl compulsory
Duration : 1 year
recent times media and entertainment industry is growing. it may pick up in next quater
#SHEMAROO SHORT TERM VIEW
Saregama’s stock price zoomed from Rs.500 to Rs.3600, Tips Industries from Rs.100 to 1400 but Shemaroo lags behind around Rs.120 being in the T2T segment.
- Trading at 61.80%
- Buy it at every decline for multi-bagger gains. The ATH of the stock stands at Rs.600.
BUY ABOVE 126
SL 115
TARGETS 144 | 158 | 180 ++
range and volume has contracted. Price is near gap and 50 DEMA support. If holds 84 then it has potential to give multibagger kind of return.
Fundamental : Content is getting actual value in this mobile savy world. Shemaroo has one of the biggest library of content. So good chance of getting acquired by telco or some content aggregator.
Disc : It's not an...
Shemaroo
Cmp - 127
Stop - 80 on DCB
Expectation -
T1 - 600
T2 - Open, Review at 600
Expected Holding Period - 480 trading days or earlier for T1
Disclaimer:-
Ideas being shared only for educational purpose
Please do your own research or consult your financial advisor before investing
