Multi year consolidation about to be broken the stock is on the verge as well as its all time high it can pick a great pace.
retest has bee done and indicating a clean buy. breakout out of channel and 200 ema as well.
it broke out of a W weekly pattern then brokeout and took support on its 50 EMA as well as trendline and demand zone and bounced back and now ready to move violently.
after breaking out of a triangular pattern and 200 EMA, retracing to test again.
Nykaa launched @ 335 has been in a downtrend since ever and now forming a base to change the trend as FIXED VOL PROFILE analysis suggests. this stock may blast from here.
closing above daily and weekly 200 EMAs will confirm entry.
Consolidating since 2014, it is forming a triangle patten on the verge of its everlasting resistance. it can give huge returns. MULTI-YEAR BREAKOUT.
Consolidating since 2018, UNION BANK can blast off from this point.
it took resistance on a upward trendline in 2017, then again in 2021 and finally it gave a breakout in 2023. Now it is yet again retesting the breakout with a rangebound price action which has been broken as well. A GREAT BUY SIGNAL.
IEX used to trade at much higher levels but recently it retraced upto most important fibonacci level and that too on monthly scale as well as the monthly 50 EMA is at the same spot. RSI divergence is spotted as well.