The stock has cleared its previous all time high of Rs.91 with very high volumes. Price behavior prior to the ongoing up-move has been similar to its past price moves. Hence the ongoing up-move is expected to follow its past price pattern and head to 423.6% FR level placed at Rs.350.. Bullish outlook remains intact as long as price is above 80.
Price is trading decisively above its previous medium term peak of 1930. The uptrend is expected to continue to test 2775-2950 zone (261.8% Fibonacci Retracement levels). Bullish outlook remains intact as long as price is above 1930.
The stock moved past its resistances around 250. The Monthly RSI has also cleared its bear phase resistance of 70. The on-going up-move is expected to test its next resistance zone placed between 355 and 400. Bullish outlook remains intact as long as price is above 235.
The stock moved past its prior all time high of 1540 in February. The Monthly MACD also crossed above its Trigger line, confirming resumption of long term up-move. In the past, the stock witnessed at-least 70% gains after MACD crossing its trigger line, so that gives us a minimum expectation of Rs.2600. Bullish outlook remains intact as long as price is above 1500.
The stock moved past its prior all time high of 153. The Monthly RSI has bounced from its bull phase support level of 47-55 zone, Monthly MACD is also positive. If the scrip is to repeat its past price behavior, it becomes a good investment option with target around 335. Bullish outlook remains intact as long as price is above 150.
The stock has been in a consolidation phase since year 2018. Currently, price has cleared its previous all time high of 299, suggesting resumption of the long term up-move. Price could initially be expected to test 375 (161.8% FR level), and optimistically the long term up-move could see 710. Bullish outlook remains intact as long as price is above 260.
Prices have bounced from its Long Term Upsloping Trendline, and on the Daily Time frame, prices have clear downsloping trendline resistances with a Gap Up. The Monthly RSI has also bounced from Oversold Zone. Stock looks like an excellent long term investment opportunity.
In February 2024, the stock cleared its previous all time high, suggesting resumption of the long term up-move. Monthly MACD has also crossed above its Trigger line. In the past, the stock has shown a minimum test of the 200% Retracement level after clearing all time high. Hence, price is expected to now touch 5150-5850 zone.
In January 2024, the stock cleared its previous all time high, suggesting continuation of the up-move since low of 3361. Prices have currently retraced back to the breakout level. The corrections in the ongoing up-move have found support at the 50% FR level, which is at 5800. Hence, the stock is expected to find support around current levels, and continue...
The stock has been in an uptrend since its listing. In February 2024, the stock cleared its recent consolidation phase by clearing its previous all time high, along with Weekly MACD crossing above its Trigger line. Past price behavior suggests that rally could be strong and quick. Conservative target (decreasing FR sequence) is around 2800. Bullish view...
The stock has been in an uptrend since its listing. Current correction of 25% from its all time of 699 is in line with the past price corrections in the stock. The stock is finding support at the 38.2% FR level as seen by the Hammer Candle formation on the Weekly. Previous consolidation high is also at 535, can provide support. If the stock survives...
The stock has decisively cleared its previous all time high of 2485. The Weekly MACD has also crossed above its Trigger line. The recent rally has been supported by high volumes. Past price moves suggest that the up-move is expected to continue and test 261.8% FR level around 3700. Bullish outlook remains intact as long as prices sustain above 2485.
In previous update in Sep 2023, we mentioned that stock has confirmed an Inverse H&S confirming Trend Reversal. The stock still continues to maintain its uptrend and is now finding support at the important horizontal zone 695-725. Price is now initially expected to test 1130, with optimistic target extending to 1600. Bullish view remains intact as long as...
In our previous update in July 2023, we mentioned that stock’s corrective phase could be over, and it is a Value Buy. In October 2023, the stock cleared its potential resistance level around 900 along with MACD crossing above Trigger line. This confirmed continuation of long term up-move. Price is now initially expected to test 2535, with optimistic targets...
The current correction since the high of 5513 has been 27% and to the 50% FR level, which is in line with the past price corrections. Additional support level is placed at the Dec-22 high of 3711. Conviction of up-move resumption would come after Weekly MACD crossing above its Trigger line. In the case, the up-move could extend to test 6985-7925 zone. ...
In November 2023, price gave a breakout above its previous all time high of 628. Previous such price behavior resulted in a strong up-move to 423.6% FR level. Price is currently testing its breakout level and finding support. If price sustains above 600 (38.2% FR Level), it has a high potential to give a strong upmove to 1400 (423.6% FR Level).
The stock is currently in a strong up-trend since its low of 100. The Monthly RSI is still above its bull phase support of 56. Price is currently testing its previous high support around 600. Past up-moves suggest that trend continues till 361.8% FR level. Hence, the trend is expected to continue to test 1240. Bullish view remains intact as long as price...
Price has decisively cleared its horizontal resistance zone between 620 and 630. Stock is currently forming a Flag Pattern above the said zone. The ongoing up-move is expected to continue, and prices are expected to test 710 (161.8% FR Level). Bullish view remains intact as long as price stays above 600.