Ananthkaranth

Ananthkaranth

Reasons for Bias: Trend Reversal: The stock has shifted from a bearish to a bullish trend. Strong Trend Momentum: There is strong momentum driving the trend, indicating sustained buying interest. Patterns Involved: -Cup and Handle (Monthly Timeframe): The stock is forming a cup and handle pattern on the monthly timeframe, which is a bullish continuation...

Ananthkaranth

The stock has had many bull rallies in the past and has been a multibagger. Despite the significant price movement, the stock is not considered inflated, as the fundamentals have kept pace with the increasing price demand. Historically, the stock moves in cycles of rallies and consolidations, and it is currently transitioning from a consolidation phase to a rally phase.

Ananthkaranth

The downward trend seems to have ended although no one can be sure of it. Technical factors 1. local ema support, 2. price action favouring bullish upcomming move(candles), 3. change in structure.

Ananthkaranth

confulences initating bias- The stock is receiving support from local EMAs and has reversed towards the mean. It is forming a higher low, indicative of a flag pattern. Additionally, there is a strong rejection observed at the support level, which infers buyer dominance.

Ananthkaranth

The trend has reversed, and there is visible strength in demand, as indicated by the length of the candles. Overall, this makes it a good stock to buy from a technical standpoint.

Ananthkaranth

A 6-year consolidation has come to an end, and the stock is now showing a breakout. Generally, multi-year breakouts are genuine and tend to continue consistently.

Ananthkaranth

The stock is showing a pattern of change in trend, with a consistent upward movement characterized by traditional higher highs and higher lows. Compared to the previous movement dynamics, it now exhibits bullish behavior. Basis of Analysis: 1. EMA Support Seeking (35 EMA):** The stock is finding support at the 35 EMA, indicating a significant level for the...

Ananthkaranth

The stock has previously fallen and is now poised for a reversal. This is visible here, as there is a systemic change in trend from lower lows and lower highs to higher highs and higher lows. Adding to that, there has been an increase in volume in the last couple of months compared to previous periods of non-movement. Therefore, a bullish movement may be imminent.

Ananthkaranth

The stock has given a multi-year breakout with significant volume. There is a good possibility that the stock may continue its rally if the company's results stand out. It can be a multibagger or a no-mover, but either way, one cannot ignore a potential opportunity.

Ananthkaranth

There are many confluences that indicate the stock price may rise in heavy relative density of movement with respect to time. This move of the price will initially halt at 1600 and then may continue towards 2000 rupees. Here we can see that the significant 35 EMA is contacted, from where the market takes support. The 35 EMA is considered significant for the...

Ananthkaranth

over the years it is forming a wave pattern that is seen frequently in the market before a blat in the upside.AND is coupled with technical confluences