CourtroomInvestments

CourtroomInvestments

We highlighted the change in trend around June 2023. Currently, price has cleared its underbelly resistance of 200. The volume has also been high on the breakout, suggesting that the on-going uptrend is likely to continue. Price is now likely to head to 300. Bullish outlook remains valid as long as price is above 175.

CourtroomInvestments

We highlighted the change in trend around May 2023. Currently, price cleared its previous all time high of 1470. Hence the up-move is expected to continue to test 2150. Bullish outlook remains valid as long as price is above 1450.

CourtroomInvestments

In July, price cleared its listing day high with strong volumes. Currently, price has witnessed a pullback towards the breakout level and is starting to find support. If the support holds, price could witness another sharp rally towards the 261.8% FR level placed at 66. Bullish outlook remains valid as long as price is above 40..

CourtroomInvestments

The stock has been in a strong up-trend since its listing. Currently, price has cleared its previous all time high of 3044, and is continuing to show strength. Going, by past up-move reference, the up-trend could continue to test the 685.4% FR level around 8300. Bullish outlook remains valid as long as price is above 3000.

CourtroomInvestments Updated 

Price shows strength by clearing its resistance around 4620. Monthly MACD is also positive. Price is initially expected to test its all time high of 7495. A decisive clearance of 7500 would open higher target of 14100. Bullish outlook remains intact as long as price is above 4600.

CourtroomInvestments

Price has witnessed a breakout after a consolidation phase since its listing. Current pullback towards breakout level of 430 gives a good risk-reward entry point. In many such low history charts, a breakout above the listing day high has seen strong rallies. Hence we could also see such a rally to 800 in this stock. Bullish outlook remains valid as long as...

CourtroomInvestments

The stock has witnessed almost a 50% drawdown from its all time high, similar to its past major correction. The Weekly RSI has also come its Oversold level. Price is consolidating near its Key support level around 2000. A breakout above the down-sloping trendline resistance would confirm strength in the stock. However, break of 2000 would keep on-going...

CourtroomInvestments Updated 

Prices have overhauled its downsloping trendline resistance. Weekly RSI has also cleared its previous peak, suggesting signs of reversal of downtrend. Prices are likely to head to 380-435 zone where a lot of trading activity has happened earlier. Bullish outlook remains valid as long as prices stay above 220.

CourtroomInvestments Updated 

The stock is currently approaching its potential support level placed around 600, where the 38.2% FR level and previous key peak of 612 coincide. The Weekly RSI is also testing its Oversold zone of 48-44 formed during bullish phase. If 600 level holds, stock could resume its up-move to test 900.

CourtroomInvestments Updated 

Prices have been in a Consolidation Phase since more than a year. Monthly RSI is turning from its Oversold Zone. On the Daily Chart, prices have shown some signs of strength after breaking out of a sideways pattern. Price reaction after Quarterly Results have been good. ‘Safety first’ investors can wait till stock clears out of the consolidation. ‘Value...

CourtroomInvestments

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.

CourtroomInvestments Updated 

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.

CourtroomInvestments

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.

CourtroomInvestments

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.

CourtroomInvestments

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.

CourtroomInvestments

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.

CourtroomInvestments Updated 

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.

CourtroomInvestments

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.