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...
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...
From past 10 months, the stock was consolidating and range bound between Rs 730 to 900. Today's price movement broken the resistance with huge volume and positively closed above 200 ema. Safe entry at Rs 930, Stop Loss below Rs 844, Targets market in chart. Thanks -AJ Disclaimer: The information and publications are not meant to be, and do not constitute,...
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.
The chart analysis based on support, resistance, ema and fib. - price respecting the 200 ema - resistance at fib 50% and area of confluence in weekly chart - enter above supply zone entry above Rs 54, stop loss below Rs 52.50 or 5%, target Rs 62 or 15% Disclaimer: The information and publications are not meant to be, and do not constitute, financial,...
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
In weekly chart, breakout is visible , therefore chart analysed on different parameters. The short term resistance level will be trendline i.e., 10% from current level. Daily Chart & Point of Entry - For a year, stock was range bound from Rs 180 to Rs 242. Recently price given a breakaway gap and follow up with yearly resistance breakout. Correct entry level...
The price has successfully retested the breakout level and chart analysed on follow factors : - Candle Analysis - Support & Resistance - EMA - Ascending Triangle - Volume Build-up - Channel Pattern - Retest of Breakout Level Thanks -AJ Disclaimer : The chart analysed for educational purpose only.
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...
The price closed above EMA 200 and given a parallel channel breakout in daily time frame. Thanks -AJ
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)...
The downward trend reversal with bullish candle and stock successfully retested the breakout level with STRONG volume in 2d frame . Stop Loss below ema 200 | Target - t1,t2 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.
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...
The price moving in rising wedge and adhering to Elliot Wave rule. Impulse wave (i) - from level Rs 248.70 to Rs 561.55 Correction wave (ii) - price retrenched to fib 50% of wave (i) i.e Rs 405.15 Impulse wave (iii) - equal to fib 1.618 of wave (i) i.e., Rs 780.70 Correction wave (iv) - retrenched to Rs 628.05 i.e., is equal to distance of wave...
The price analysed in daily and monthly time frame. Gap Analysis - the news based gap created in stock and price reversed to fill the gap. As mentioned in chart, now gap level acting as support and price closed above 200 ema. Monthly Chart - the fib level acting as support & resistance and volume strength visible in chart. Thanks -AJ Disclaimer - The...
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
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.
After the five year resistance breakout , the stock given significant return and retrenched to 50% fib level . In chart, falling wedge breakout is visible and momentum strength confirmed multiple factor i.e., ema, volume and rsi. Entry at current level, Stop loss below Rs 580 and Target 1 & 2 pointed in chart. Thanks -AJ Disclaimer: The information and...