Indieconomic

Indieconomic Updated 

The stock analysed on multiple time frame with volume and technical indicator. The price breakout the channel resistance in day time frame and closed above EMA 200 Finally stock breaks the resistance in 15 min time frame after multiple attempt. Price action with volume and technical indicator support. Thanks -AJ

Indieconomic Updated 

In monthly chart, falling wedge breakout and further analysed in multiple time frame and parameter as mentioned below: Parallel Channel: 2D: The movement of price was downward channel, with defined resistance (red arrow) and support (green arrow). The stock breakout from its range and subsequent buy observed. EMA, Volume and Bullish Candle: 1D: The...

Indieconomic Updated 

The chart depicts the beautiful set up for investment / trade opportunity. Recently stock has given a breakout and retested that level with Doji , follows up with Morning Star and Three White Soldier . The volume builds up through the week and golden crossover at morning star candle clearly indicating a strength in stock. Weekly Chart From April’23,...

Indieconomic Updated 

The stock analysed on following parameter : - Parallel Channel Breakout. - Area of Confluence : the price retest breakout level and now resistance level acting as support. - Fib Level : price retrenched to 50% and uptrend signal visible. - EMA : price above all key moving average. - Candle Analysis : Doji follow up with Bullish Candle from retest...

Indieconomic Updated 

The chart analysed on follow factors: Area of Confluence | EMA | Support & Resistance | Volume | Trendline Breakout Stop loss 5% | Target 7% / 12% | Risk : Reward 1:2 Thanks -AJ

Indieconomic Updated 

The extended downtrend in stock since April'22, after a year price given a falling wedge breakout and retested that with bullish candle . Key support at ema 200 and price above all important moving average. Entry at current level or above Rs 300 (day's closing candle) ; Stop Loss below 270 ; Target = t1 & 2 Thanks -AJ Disclaimer: The information and...

Indieconomic Updated 

Daily Chart From May’22 to Oct’22, stock was in downtrend. The trend reversed in Nov’22 and price continuously moving upward with higher low formation. The chart analysis analysed in daily, 15 min, ema, volume and RSI breakout . Resistance – Rs 430 ; Short Term Target – 6% ; If price break the yearly resistance of Rs 430, Revised Target will be Rs...

Indieconomic Updated 

The price movement in parallel channel. Bikaji Suzlon High Risk Stock – Target and Stop Loss as per price action M&M Finance Thanks -AJ Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.

Indieconomic Updated 

Weekly Chart The downtrend reversed from support level and price given a yearly resistance breakout with rising volume. The stock continually making a higher high from past 7 months and 50% fib acting as strong support. Daily Chart Upward parallel channel breakout and retested the level with good volume. Technical Indicator - Golden crossover and...

Indieconomic Updated 

The self explanatory chart analysed on breakout, ema and volume. Stop Loss below 200 ema || Target Rs 8000 Thanks -AJ Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.

Indieconomic Updated 

After the listing, the stock was in extended downtrend. From April month onward, trend reversal observed with rounding bottom pattern . The stock convincedly formed the strong base and moving upward for expected target of 50% from current level. Other factors considered are 20 & 50 ema and Rising Volume. Entry at retest or retrenchment level Stop Loss...

Indieconomic Updated 

Daily Chart The price continuously making a higher low since feb’23. The price breached the long resistance and opportunity to accumulate for long term investment. Price above 20 & 50 ema and short term resistance will be 200 ema If today’s price closed above Rs 400. Target 20%, Stop Loss 7% Thanks -AJ Disclaimer: The information and publications are...

Indieconomic Updated 

The price closed above EMA 200 and given a parallel channel breakout in daily time frame. Thanks -AJ

Indieconomic Updated 

The price given channel breakout and successfully retested the breakout level with bullish candle and substantial volume. Entry above Rs 2450 , Stop Loss below Rs 2400 and Initial Target will be Rs 2700 Thanks -AJ Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of...

Indieconomic Updated 

Analysed on - Support & Resistance - Triangle Pattern - Rising Volume - EMA entry above Rs 380 ; stop loss below Rs 355 ; target as per price action & breakout volume Thanks -AJ Disclaimer : Consult your financial advisor before any trading or investing activity.

Indieconomic Updated 

Synopsis: The multiple footwear stock was analysed as weekly price movement is quite significant with record volume. Most of the stock bounced from support level and expected return will range from 20-40%. BATA – The price movement in channel, from support level, bullish breakout candle formed with record volume. Price above 20 & 50 ema and 200 ema (Rs 1618)...

Indieconomic Updated 

The chart analysed on support & resistance level and good opportunity to accumulate stock for long term investment with favourable risk and reward ratio. Thanks -AJ

Indieconomic Updated 

Solid strength in stock, in monthly chart - trendline breakout with volume , in weekly chart - ascending triangle breakout, in daily chart - price above all key moving avg. T1 18% / T2 58% , SL below Rs 88. Thanks -AJ Disclaimer : Consult you financial adviser before any investment.