CourtroomInvestments

CourtroomInvestments

The stock is currently approaching its dual support placed between 3340 and 3100 (61.8% FR level & 100 Week EMA). The Weekly RSI is also coming to its Oversold level. Past price corrections in this on-going up-move has bottomed out at the 61.8% FR and 100 Week EMA. The Weekly MACD crossing above its Trigger line would confirm resumption of the up-move.

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The stock has witnessed 44% correction from all time high and is now testing support around 1300. The Monthly RSI is also testing its Oversold Level. These suggest that the scrip could form a medium term low. Monthly MACD crossing above its Trigger line and a clearance of highs made around 1770 & 50% FR level would confirm strength.

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The stock has witnessed 30% correction from all time high. Price is now testing its 40 Month EMA. All previous major lows have been formed at this Moving Average. The Monthly RSI is also testing its Oversold Level. All these suggest, that the scrip could form a medium term low very soon and resume its up-move for initial test of 2450.

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The stock has been in a sideways phase since a year. Price is now taking support at the lower end of its range. Sustaining this range would mean a test of the upper end of 250 is likely. A break of the Trading range on a Weekly close basis would confirm a down-trend in the stock.

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The stock has corrected 22% from its all time high, and is approaching its Support level placed at 740 (38.2% FR level). In previous corrections, the stock resumed its up-trend after giving a price (low) breakdown. Currently also, the stock has given a breakdown of near term lows. If stock resumes up-trend between now and 740, we could see a new all time high soon.

CourtroomInvestments

Price gave a breakout above previous all time high in July. Subsequently, it retraced back to its breakout level support, and has now given a confirmation of the up-move. Because of low price history, we cannot fix a target. Bullish outlook remains intact as long as price is above 220.

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The stock has corrected 34% from its all time high to test its 20 Week Moving Average. The Weekly RSI has also come to its Oversold level. If the price is follow its past patterns, it could resume its long term up-move to test 261.8% FR level at 990. This view would get negated if price breaks 400..

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The stock has been in an up-trend since listing. Currently, price has cleared its previous all time high of 7100, suggesting continuation of on-going up-move. Previous instances give an estimated target of 200% Retracement level, which is now around 8300. Bullish outlook remains intact as long as price is above 5800.

CourtroomInvestments

Stock is in an up-trend, and recent clearance of its previous all time high of 2490 confirms that. The stock has a low price history, so cannot predict targets. Riding the up-trend is the most sensible decision here. Bullish outlook remains intact as long as the price trades in the up-sloping trend channel.

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The stock has not performed this calendar year of 2024.. Price is currently coming close to its Key Support zone between 2600-2500. The Weekly RSI is also testing its Oversold zone. Stock likely to be a value buy near this support zone. A break of 2500 could result in further correction to 2100-2000.

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Prices have taken support at the 50 Day EMA along with the Daily RSI bouncing from its Oversold level. Price correction of 18% is also in line with its past corrections. Hence stock is expected to continue its on-going up-move to form a new high in 3300-3500 zone. Bullish outlook would remain intact as long as price is above 2400.

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Price has decisively cleared its previous all time high of 1435 along with a Trend Channel breakout. This suggests that the on-going upside momentum is likely to continue Stock could now target higher Fibonacci levels of 261.8% and 423.6% placed around 2500 and 3600. Bullish outlook would remain intact as long as price is above 1400.

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Price has seen 18% correction from its all time high, which is in line with its past intermediate corrections. Stock is forming a base at its support given by 61.8% FR level. Additional support zone is placed at Gap area of 400-390. MACD going above its trigger line with price clearing 470 could be seen as confirmation of up-trend resumption. Price could...

CourtroomInvestments

In our previous update in July 2023, we mentioned that stock’s corrective phase could be over, and it is a Value Buy. Price has now cleared its previous all time high of 1383. This suggests continuation of long term up-move. Price is now initially expected to test 2535, with optimistic targets extending to 3700 and 5555. Bullish outlook remains intact as...

CourtroomInvestments

Price have cleared its previous all time high of 721 after a brief consolidation. This suggests that the up-move since the low of 307 is expected to continue. Prices could now initially test 975 (161.8% FR Level). Bullish outlook would remain intact as long as price is above 720. Trend would turn bearish if prices break 620.

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Price has bounced from its listing day all time low of 481. Price has also given a breakout above its down-sloping trendline and consolidation range between 480 and 590. RSI has also cleared its previous peaks around 53-57. Confirmation of up-trend would happen when prices clear its Sep 2023 high of 791. Down-trend would resume if price breaks 460.

CourtroomInvestments Updated 

Going the price pattern explained on the chart step by step, this should be the last accumulation phase before the stock embarks on a long term upmove!

CourtroomInvestments Updated 

The stock is in a very strong up-trend. As per its past price behavior after breakout from all time high, the stock is currently witnessing a sideways phase. Soon, the up-move is expected to resume. Monthly RSI sustaining 50 level is also a sign that up-move is intact. Bullish outlook remains valid as long as price sustains 90.