CourtroomInvestments

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.

CourtroomInvestments

The recent price correction of 33% from the high of 4950 has been in line with correction seen during year 2018-19. Monthly RSI has also touched its Oversold Level. Prices are now not likely to see further correction. Monthly MACD crossing above its Trigger line (along with price clearing its previous all time high of 4950) would confirm strength. However,...

CourtroomInvestments

After clearing its previous all time high of 941 in June 2023, price consolidated for 6 months. Recently, the stock has shown signs of strength by clearing its resistance around 1300 on Daily/Weekly Time frame. A move past its current all time high of 1465 would give conviction to our bullish outlook. Long Term Uptrend is expected to continue till 2400.

CourtroomInvestments

Long term uptrend, stock trading at all time highs. The rally is expected to continue till 1750!

CourtroomInvestments

Prices have broken out of its medium term consolidation phase where it was been capped below 420-450 zone. The MACD has given a bullish signal by going above trigger line. Monthly RSI has also bounced from Oversold level. Long Term Uptrend is expected to resume, wherein initially we can expect a test of previous all time high of 740. Bullish outlook...

CourtroomInvestments

Current price behavior is similar to the corrective phase behavior observed during year 2012. Prices have confirmed medium term strength by clearing its resistance around 2090. The MACD is also giving a bullish signal by going by trigger line. As per pattern, price should now make all time high around 3000. Bullish outlook remains intact as long as price...

CourtroomInvestments Updated 

Prices have confirmed long term trend change by clearing the down-sloping trendline and June 2021 high of 80. Monthly RSI has also cleared its bear phase oversold zone. In the past, a similar price pattern was followed by a strong multi-year up-move. We can expect the stock to now continue its uptrend to initially test 200, and eventually 360. Bullish...

CourtroomInvestments Updated 

Price consolidation around 200% Retracement level has been done and cleared. So the ongoing up-move since the low of 18.65 is expected to continue. Next resistance is expected around 180. Bullish view remains valid as long as prices stay above 110.

CourtroomInvestments Updated 

In our earlier post (dated 5-Jul-23), we highlighted initial signs of Trend Change in the stock with the Weekly RSI moving past its peak around 50, with price confirming the false breakdown with huge volume spike. Currently, prices have confirmed an Inverse Head & Shoulders pattern. Prices are likely to head to its next resistance zone between 695-725. ...

CourtroomInvestments Updated 

Prices have cleared its previous all time high of 230. Volumes in this rally have been higher than average, confirming strength. RSI has also cleared 60, suggest bullish trend. Bullish outlook remains valid as long as price is above 226.

CourtroomInvestments

We highlighted signs of strength in the stock around June 2023. Prices have now cleared its previous all time high of Rs.2022. Volumes in this rally have been higher than average, confirming strength. RSI has also cleared 70-75 Overbought zone, suggest bullish trend. Next major target for the stock could be 3600+ Bullish outlook remains valid as long as...

CourtroomInvestments

Prices have cleared its previous all time high of 32.65. Volumes in this rally have been higher than average, confirming strength. RSI has also cleared 56-58 Overbought zone, suggest bullish trend. Bullish outlook remains valid as long as price is above 30.

CourtroomInvestments Updated 

Prices have been trading in an up-sloping trend channel. Now, the prices have overhauled a down-sloping trendline. Weekly MACD has also turned positive. Prices are now expected to resume its up-trend and test the upper end of the Trend Channel placed around 2050. Bullish view remains valid as long as prices trade above 1300.

CourtroomInvestments

We highlighted the stock during April 2023, when it was forming base around its previous lows of 240. The upside momentum since the base formation is likely to continue since the stock is showing strength by clearing its down-sloping trendline and thus negating the lower top formation. Volumes continue to remain higher than average. Price is now likely to...

CourtroomInvestments Updated 

Prices are re-testing its breakout zone (770-790). Sustaining above 770 would keep bullish outlook intact. Prices in a new high territory, so it’s a Buy and Hold. CONCERN is that Weekly RSI is yet to move past 66. A Weekly Close below 770 would extend correction to 680.

CourtroomInvestments Updated 

The stock has bounced from its support levels around 250. Prices have confirmed a Double Bottom pattern, suggesting strength in the stock price. Weekly RSI has also seen a breakout. Prices could now head back to test the upper end of its Long term Trading range placed between 445-475. Double Bottom pattern remains valid as long as prices stay above Rs.284.