CourtroomInvestments

CourtroomInvestments

Price has seen a failed breakdown of the lows of 460 in March 2023. Recently, the Weekly RSI moved past its peak around 50, with price confirming the false breakdown with huge volume spike. Currently, prices are forming an Inverse Head & Shoulders, which will confirm if prices clear 560. Next important resistance zone is between 695-725.

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Prices have given a Weekly Close above many resistances around 900. Weekly RSI has also cleared its bear phase level of 52. The Weekly Close happened with a huge Gap Up on Daily, so a move past that day’s high of 977 is required for further conviction. Bullish view remains intact as long as price stays above 875.

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Prices have registered a Channel breakout, which suggests that it price should continue the uptrend from the low of 47. Channel breakout target is placed at 105. The Golden FR level of 61.8% is placed at 113, which also coincides with previous peak. Bullish view remains valid as long as prices remain above 75.

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Prices have finally broken out of its 2 year consolidation phase below 1185-1330 zone. Monthly RSI has also moved past 58 (bear phase level). Prices are now expected to resume its long term up-move to test its prior all time high of 2038. Bullish view remains valid as long as prices stay above the Resistance turned support area of 1330-1185.

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At the end of May 2023, prices cleared its down-sloping trendline with a massive gap up. Weekly RSI also cleared 51-59 zone where it got capped during the bear phase. Now prices has also cleared the 78.6% FR level resistance. Prices are now likely to head to its major resistance zone between 1625-1675. Bullish view remains valid as long as prices stay...

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The stock has cleared its downsloping trendline resistance, suggesting early signs of strength. Weekly RSI also shows similar strength. Further confirmation of price strength would come when stock clears 1700. Bullish outlook remains valid as long as price sustains 1360 (previous near term high formed at trendline).

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Price has given decisive breakout above its resistance around 700. In its history, price has at least tested the 161.8% FR level or the 261.8% FR level. So the up-move is likely to extend to at least 950, and 1400 on optimistic basis. Bullish view remains valid as long as prices stay above 660.

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The stock witnessed a downtrend soon after it got listed at the end of year 2022. However, prices have now confirmed a Trend Reversal with a Double Bottom price pattern. Initial target for the stock would be the pattern target at 335. If the trend continues, this stock could even give a new all time high. Pattern remains valid as long as the stock trades above Rs.300.

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After a long sideways phase, price has finally given a breakout. Monthly MACD has also turned positive. A Daily Close above 800 would further confirm strength. Going by the only instance in the past, stock is expected to witness a strong rally to 1000. Bullish view remains valid as long as prices stay above 680.

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The stock has seen a downtrend since its listing. Prices have shown first signs of strength & trend change by moving past near term highs of 142 with decent volumes. Initial resistance is expected near 180 where there is a Daily Gap area. Since there is not enough history, position size should be kept low. Bullish outlook remains valid as long as price...

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Prices have bounced from its Horizontal support level along with the weekly RSI bouncing from its Oversold level. Going by whether the scrip follows decreasing or Alternate Fibonacci Retracement pattern, bounce could extend to either 305 or 340!

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The stock has cleared its horizontal resistance level of 3535 decisively, suggesting continuation of longer term up-move. The breakout has come after a significant time (9 months) spent below 3535. Usually, this suggests that the rally now could be strong. Bullish outlook remains valid as long as price sustains 3500.

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The stock has cleared its downsloping trendline and the 50% FR level resistance, suggesting signs of strength. Weekly RSI also shows similar strength by clearing its past peaks. Further confirmation of strength would come when stock clears 160. Higher resistance levels placed at 200 and 330. Bullish outlook remains valid as long as price sustains 120.

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The stock has broken out of a long period of consolidation. Previously when the stock did the same, it witnessed a massive rally. The Monthly MACD has also turned positive, so that adds conviction. Bullish outlook remains valid as long as price sustains 650.

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Prices have moved out of the consolidation below 800, suggesting strength. Weekly MACD has also turned positive. Weekly RSI sustaining above 40 is a sign that the up-move is intact. Prices are likely to resume its longer term up-move and head towards a new all time high. Bullish outlook remains valid as long as price sustains 790.

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Prices have cleared its resistance zone of 950-980 decisively. Price behavior visually looks similar to previous bear phase move between 2019-2021. If the past price behavior is to repeat, we could witness a strong rally to form a new high around 1250. Bullish outlook remains valid as long as price sustains 900.

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Prices have witnessed a strong rally since July 2022. This week, prices have cleared the prior all time high of 624 decisively, suggesting that the up-move is likely to continue. Initial resistance is expected around 850. Since there is not enough history, riding the trend is important. Bullish outlook remains valid as long as price sustains 620 or the...

CourtroomInvestments

Prices had been consolidating between 850 and 1150 since October 2022. This week, prices have cleared the upper end of the trading range decisively. Weekly RSI has also cleared its previous peak level, suggesting strength. Prices are expected to initially test its prior all time high of 1434. Since there is not enough history, riding the trend is...