CourtroomInvestments

CourtroomInvestments

Price has been following the behavior observed in the bearish phase of 2015-2017. Prices has currently broken out of a small range (420-470), suggesting strength. As per the price pattern, Prices are likely to head to 560-580 zone. Long term trend change would take a lot more price action to confirm, so position sizing is important. Bullish outlook remains...

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Price has confirmed an Inverse Head & Shoulders price pattern. With a Daily Close above Rs.215, price has also negated the lower top lower bottom formation. Volumes have been high on the recent rallies, thus confirming our trend. The target for Inverse H&S Pattern is Rs.250. View remains valid as long as price is above the low of the right shoulder.

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The stock had been in a downtrend since its listing on the NSE. But the rally from the low of 353 has been accompanied by higher volumes, signaling strength of buyers. Prices have negated the lower top lower bottom formation, confirming a reversal of downtrend. Chart does not give a specific target, but minor resistances could be expected at prior peaks of 655...

CourtroomInvestments

Prices have reversed its downtrend from the high of Rs.1094 with a Double Bottom pattern. Prices are expected to head to 1050. Bullish view remains valid as long as prices trade above 940.

CourtroomInvestments

Prices have given a Weekly Close above its resistance of Trendline and horizontal level 54. Weekly RSI has also negated its lower top lower bottom formation. Weekly MACD has also turned positive. Prices could now head to its previous all time high of 67, and optimistically clear it to touch 89. Bullish view remains valid as long as prices trade above 52.

CourtroomInvestments Updated 

Prices have bounced from its up-sloping trendline support along with the Daily RSI bouncing from Oversold level. This week, prices broke out of its consolidation, and has also cleared a Gap Area resistance on the Daily Chart. Prices could now test 2300 in the near term, where multiple resistances coincide. A Daily Close below Rs.1800 would negate the strength.

CourtroomInvestments Updated 

Prices have confirmed an Inverted Head & Shoulders Price Pattern!

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The stock had cleared its prior peaks around 152. Now, the prices have formed a Flag Pattern after a strong rally from the low of 128. Hence, a similar strong rally could be coming ahead, which could drive prices to 170. Bullish View remains valid as long as prices stay above Rs.150.

CourtroomInvestments

The stock price has formed an Inverse Head & Shoulders Price pattern. Volumes on bullish days have been higher than the volume during the fall, confirming strength. Prices could now test its resistance zone placed between 2810 and 2890. Bullish View remains valid as long as prices stay above Rs.2420 (low of the right shoulder).

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The stock has registered its highest Monthly Close. The Monthly MACD has also turned positive. In the past such instances, the stock has given a strong rally in the following months (One exception, where price failed to clear prior all time high) The stock could hence see a decent rally in the coming few months. Bullish View remains valid as long as prices...

CourtroomInvestments

The stock had been consolidating in a Triangle pattern since last few months. Now, prices have registered a breakout. Weekly RSI also shows a breakout along with Weekly MACD turning positive. In the past, the breakout has resulted in a strong rally to 261.8% FR level, so target would be 1370. Pattern remains valid as long as the stock trades above Rs.750.

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In February 2023 this year, the stock broke above its previous all time high. Past price breakouts suggest that stock could witness a massive trend on the upside. Big targets are not new to the stock, and one can hold this stock till it hits 1110 (423.6% FR Level). Breakout theory remains valid as long as the stock trades above 360.

CourtroomInvestments

Price has an established long term up-trend. As per its pattern in the entire up-move, prices have taken support at the 23.6% FR Level. The Monthly RSI has also bounced from its Oversold zone. On the Daily Chart, price has broken out of a consolidation, which suggests resumption of longer term up-move. We cannot define a proper target, but for a start, we can...

CourtroomInvestments

Price has confirmed an Inverse Head & Shoulders price pattern along with decent Volume on the breakout candle. A Daily Close above Rs.360 would confirm a Trend Reversal by forming a higher high. The target for Inverse H&S Pattern is Rs.430. Horizontal resistance zone is also placed around 450. View remains valid as long as price is above the low of the right...

CourtroomInvestments

Prices have bounced from its Key Up-sloping Long term trendline along with the monthly RSI bouncing from its Oversold zone. Stock looks like an excellent opportunity for a long term investment!

CourtroomInvestments

Prices have bounced from an established horizontal demand level around 555, minimum bounce to the 61.8% FR level at 725 is expected!

CourtroomInvestments

Prices have been trading in an upsloping trend channel. Now prices show strength by breaking out of a consolidation pattern. Prices should test 161.8% FR level or the up-sloping channel line around 5500!

CourtroomInvestments

Price has been in an established long term uptrend. Prices have bounced from its Key Support offered by the 38.2% FR level in this Long term uptrend. Going by past price behavior, prices should now resume its long term uptrend and test 261.8% FR level!