CourtroomInvestments

CourtroomInvestments

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...

CourtroomInvestments

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...

CourtroomInvestments

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...

CourtroomInvestments

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.

CourtroomInvestments

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...

CourtroomInvestments

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...

CourtroomInvestments

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. ...

CourtroomInvestments

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).

CourtroomInvestments

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...

CourtroomInvestments Updated 

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.

CourtroomInvestments Updated 

Price is in an uptrend since June 2022 low of 209. In April 2023, Monthly MACD turned positive. This suggested that as per past pattern, price is likely to continue its ongoing uptrend and make a new all time high. Bullish outlook remains intact as long as price is above 250.

CourtroomInvestments Updated 

Price is currently testing its up-sloping trendline support. The current up-trend has also taken support at the previous peak, so price is likely to find support around 1700. The Weekly RSI is also testing its oversold zone of up-trend. We expect stock to continue its up-trend and test 2200. A Weekly Close below 1700 would negate this bullish view.

CourtroomInvestments

The Monthly RSI has bounced from its Oversold zone 43-35. The Monthly MACD has crossed above its Trigger line. This suggests that prices have formed a base the low of 3408. Past up-moves suggest that the price could now resume its up-move to initially test its prior all time high of 6175. On an optimistic basis, it could also touch 7880 (161.8% FR level).

CourtroomInvestments

The stock is currently witnessing a strong long term up-move. In the past, the up-move has at-least tested the 261.8% FR level, so ongoing up-move is likely to continue till 1750. The RSI is still far from oversold, which also suggests scope for further upsides. Upside momentum will remain intact as long as price is above 1100.

CourtroomInvestments

Major price corrections in the past had been around 50-65%, which was expected to be done when stock made low of 1660. In December 2023, price cleared its resistance around 2435 along with the Monthly MACD crossing above its Trigger line. This suggests that the long term uptrend is now likely to resume. If price is to continue its past behavior, it could...

CourtroomInvestments

Prices have moved past its previous all time high of 2712. The MACD has also crossed above its trigger line, confirmed the bullish trend likely to continue. If price is to continue its past behavior, it could head to 3730 (423.6% Fibonacci Retracement level). Bullish view remains intact as long as price is above 2700.

CourtroomInvestments

In July 2023, price decisively cleared its previous interim peak of 1210, along with Monthly MACD going above its Trigger line. This confirmed resumption of longer term up-move. Price is initially expected to test its previous all time high of 1722. A decisive clearance of 1722 would open higher target of 3000 (261.8% Fibonacci Retracement level). Bullish...

CourtroomInvestments

Price has decisively cleared its horizontal resistance zone between 691 and 736. This suggests that the ongoing upmove is expected to continue and an initial test of the previous all time high of 1262 can be expected. A decisive clearance of 1262 would open up higher target of 1940. Bullish view remains intact as long as price stays above 690.