CourtroomInvestments

CourtroomInvestments

Current price correction of 43% and finding support at 61.8% FR Retracement level are in line with past major corrections. RSI is also turning from its historical Oversold zone. The stage is set for a turnaround in the stock. One can look to invest for a longer term target of a new all time high on the stock with a stop loss of Rs.650!

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Simple Technical explanation! Price near previous peak support along with RSI testing oversold level. Expecting a bounce in prices to end expiry above 110!

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No breach of rules

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Trusting the on-going Trend here. Prices broke the up-sloping trendline, suggesting weakness, and is currently turning down from Key Resistance line.

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Sarda Energy becomes a successful bidder for Gare-Palma-IV/7 & Sahapur West coal mines. Good news continue for the company, and the on-going uptrend likely to continue till Rs.430.

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Maruti's strong uptrend now seems to be in trouble. Investors need to beware of a turn, the HEAD & SHOULDERS price pattern shows that the stock is distributing.

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The stock has had a decent correction in its ongoing uptrend. TREND IS YOUR FRIEND. Buy at Supports.

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An Inverted Head & Shoulders price pattern on the Daily Chart. The pattern implies strength in the stock, price could extend its ongoing run to Rs.400.

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Stock has given a TRIANGLE pattern breakout. Book says this is a continuation pattern for the ongoing trend, so stock likely to head to Rs.40!

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Stock has come to a strong valid down-sloping trendline resistance. Will the stock continue with its recent up-trend, or will the higher time frame bearish outlook weigh in? For a trade, looking to execute a BEARISH CALL SPREAD. If the stock is to find resistance at the trendline, it might end the July series below Rs.53!

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A Triangle breakdown shows a DISTRIBUTION pattern in the stock. Prices likely to fall further. Initial target is Rs.435!

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Overhaul of down-sloping trendline resistance shows that buyers have gained control. Stock should continue with its long term up-trend. Expecting 20000 very soon on the stock.

CourtroomInvestments

No breach of rules.

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Stock trading in an up-sloping channel, so demand expected to come from current levels.

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On-going trend of the stock is down, and a turn from trendline confirms it.

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Age old Technical Setup as per books! A Trading Range breakdown is often followed by a pullback to resistances before continuing with the fall.

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Support turned Resistance zone in Technical Language being displayed here on the chart. With a stop-loss of around 415, yesterday's high, this trade seems quite likely to give good rewards. Let's see how this pans out. Expecting 370 initially, and optimistically a turn from this point could also result in a continuation of the eventual down trend of the stock.

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GOLD seems to be entering a bull phase again, likely to touch $1660.