CourtroomInvestments

CourtroomInvestments Updated 

Prices eroded 48% from its all time high of 1148. Price has bounced from 61.8% FR level support and Monthly RSI is also resting on its Oversold levels. Past price behavior suggests that a move to 940 (61.8% FR level resistance) is likely. Bullish outlook remains valid as long as price sustains 600.

CourtroomInvestments Updated 

The stock is trading at an all time high. However, in the past, it has shown tendency to give long targets. The up-trend is expected to continue till 4000 at-least. It could also extend to 5300 optimistically. Near term support is at 3100, however the trend would remain intact as long as price trades above 2800.

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Prices have cleared its resistance at 500, and has hence negated its lower top formation. Weekly RSI has also cleared its Overbought level of 60. Prices are now likely to test 640 (61.8% FR level). Bullish outlook remains intact as long as price is above 415, a break of 415 would negate higher top, higher bottom formation.

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Prices have cleared its previous all time high of 505. Weekly RSI has also cleared its Overbought level of 65. Volumes in the last rally have been high. Stock was trading in a 200 point range till now (315-505), so range breakout target would be 700+ Bullish outlook remains intact as long as price is above 465.

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Prices established up-trend during end of July 2023. Currently, prices have pulled back towards its support between 730 and 685. Daily RSI is also placed near its Oversold level. Price is expected to resume its up-trend soon, test high of 875. A decisive Close above 875 would open higher targets. Bullish outlook remains intact as long as price is above 685.

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Prices have cleared its resistance zone between 518 and 547, along with the Daily RSI also clearing its prior peak of 72. It is a recently listed stock, so cannot give price targets. Riding the trend would be a better approach here. Bullish outlook remains intact as long as price is above 520.

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In Sep 2021, prices confirmed a change of trend in the stock by negating the lower high formation. Last month, prices confirmed continuation of up-trend by clearing its prior peak of 46. Prices are expected to test next major resistance around 80. Staying above 45 would keep upside momentum intact.

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In June, the stock gave a Triangle breakout, suggesting that the consolidation phase is likely to resume on upside. Then in July, the Monthly MACD crossed over its Trigger line, suggesting more strength in the chart. Considering past crossovers, price should witness an up-move to at least 4400 (261.8% FR), and optimistically 6100 (423.6% FR). Worst case...

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We highlighted the trend change in the stock around May when stock cleared its down-sloping trendline. The stock has now given a breakout above its prior all time high of 131 with huge volumes, suggesting uptrend is likely to continue.. According to the past chart history, this rally could now head to 261.8% Fibonacci Retracement around 235. Bullish view...

CourtroomInvestments Updated 

Prices have bounced from near the 61.8% FR level (650). Monthly RSI has also bounced from its Oversold zone. In the past, major bear phases have formed lows around the 61.8% FR level. If price is to follow past behavior, the bear phase could be over. There is a possibility of stock taking quite some time to clear its resistance around 900. Bullish view...

CourtroomInvestments Updated 

Prices have registered an Triangle breakout. At the same time, prices have also negated lower top formation by giving a Weekly Close above 87 Volumes have also been high on the breakout, confirming buyers strength. Weekly RSI has also moved past its recent peak. More quantity can be added once prices move past 100. Bullish view valid as long as prices sustain 70.

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Prices are forming a base near its important support zone between 120 and 110, as seen twice historically. Monthly RSI is also forming a base at the Oversold zone. More strength in price would be confirmed only above 145. A break of 145 would open higher targets around 200. A break of 110 would turn the outlook bearish.

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Last month, prices broke above the consolidation range (500-600), with RSI clearing previous peak and MACD turning positive. Past price behavior shows that uptrends tend to continue till 150% Retracement level of the fall and around 18% higher than the prior All time high. So by that means, the stock has potential to cross 900. Bullish outlook remains valid...

CourtroomInvestments Updated 

Prices have decisively moved past its prior all time high of 1360. This means stock is likely to continue its up-trend and test at least the 161.8% FR level resistance at 1760. Monthly RSI is yet to touch the oversold zone, which means there is scope for more rally. Bullish view remains intact as long as price stays above 1200.

CourtroomInvestments Updated 

Prices have reversed its downtrend from the high of Rs.568 with an ‘Inverse Head & Shoulders’ pattern. Prices are expected to head to 480 where the 50% FR level also exists along with the pattern target. Bullish view remains valid as long as prices trade above 428.

CourtroomInvestments Updated 

Prices have formed a ‘Flag’ Formation. Volumes on the rally since 628 have been high on bullish days. Prices have also cleared its previous peak of 788 decisively. The upside momentum is expected to continue till 875 initially. Optimistically, price could also test 940. Bullish outlook remains valid as long as price sustains 770.

CourtroomInvestments Updated 

Prices have broken out of the resistance which the October 2022 high of 1465 was offering. Volumes are also high enough to confirm strength in trend. Going by the past (single instance) up-move after breakout, prices could now test the 261.8% Fibonacci Retracement level placed at 2220. The view would remain intact as long as prices trade above 1450.

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Stock changed its trend in October 2022 with high volumes clearing the down-sloping trendline. Now the stock has again confirmed strength in the rally by clearing its prior peak of 668. The ongoing up-move is thus expected to continue and test another past peak of 780. The Golden FR level is also placed around 800. Bullish view remains valid as long as...