MohdGhufran

MohdGhufran

Cup of 5 years has been made in DREDGECORP. Perhaps low of handle has been made. Ideally handle's low should be 30% of low of Cup. But handle has made a low of about 25% of Cup's depth. RSI and EMA are good. It might go little more down to be near EMA. Then it might cross the neckline and shoot up.

MohdGhufran

Just observing candles, indicators, and patterns. It is in downtrend. Trendline resistance is marked.

MohdGhufran

It has re-tested its support (earlier major resistance) zone. It is now headed for another resistance. RSI and EMA are also supporting the move.

MohdGhufran

Just checking whether round bottom pattern will be made here.

MohdGhufran

Yesterday, IRCTC entered in supply zone. Today it has made long legged Doji candle. Following factors may cause a reversal: (i) Supply Zone (869-929) (ii) oversold daily RSI (84) (iii) too much distance between candle and 20 EMA Disclaimer: This is not a buy / sell recommendation. I am just observing technical indicators.

MohdGhufran

As on 18.12.2023, GEECEE is above 20 EMA on daily, weekly and monthly charts. Monthly RSI is 71, and weekly RSI is 66. If it closes (monthly) above 225 with good volumes, it will give good returns within short term.

MohdGhufran

When Indices are making new highs, it is going down. There seems no chance of going it up significantly before August 2024. It will bounce back either after touching lows made during COVID Lockdown or it reaches to its 2014-2017 levels.

MohdGhufran Updated 

It will be interesting to see whether SIS will break its trendline resistance.