It has been observed that the price action firstly formed a bullish inverted head and shoulder chart pattern and now it breaks above the consolidated symmetrical triangle indicating a new rally to upside.
It has been observed that the price action was deeply pushed down without much change in the fundamentals of the company. It may just be called as healthy correction and now the correction reached to a strong support zone which has been previously tested, therefore there is high possibility that the buyers will come at current levels and will further control over...
It has been observed on the daily and weekly chart that the price action corrected heavily from the high levels and now reached to the previous resistance which now acting as strong support zone. Now, it showed strength on the support zone which is indicating that buyers are coming and taking control over price action and shall further resume the previous...
It has been observed on the daily and weekly chart that the price action breaks out from a downward trending line at support zone indicating buyers come back. Once it closes above 29 levels then it shall further race up to new high levels.
The company is also at good valuations, trading near its book value of 27. With low P/E and continues growing revenue, it is...
It has been observed that the price action is trending down technically but on the fundamental side the valuations are improving and looking good. Some of the key valuation indicators are as follows:
1. P/E: 13.3 (Undervalued)
2. Book Value: 74
3. Debt to Equity: 0.01 (almost a Debt free company)
4. Current Ratio: 3.3
5. Net Profit Margins: 30%
6. Return on...
It has been observed that the price action was consolidating at the support levels and now it breaks above the consolidation indicating buyers coming back strongly and pushing prices up.
It has been observed that the price action was trending down for past 5 months and now, it showed a strong volumes at support levels indicating a buyers coming back. It has another resistance at 280 levels, if it breaks and closes above it on weekly chart then it shall confirm a change in trend and will further rise up.
Target 1: 280
Target 2: 320
It has been observed on the daily chart that the price action continuously dips down for last one week and now in last two trading session, we have noticed a turnaround in price action which is a signal of a bounce back or a detouring of price action as buyers take over the pilot cabin. Now, a positive movement can be seen to 1100 levels if the price action closes...
It has been observed that the price action formed a double bottom at 155-157 levels and now showing strength and pushing up price action to new highs and changing the trend from lower lows to higher lows and higher highs. It is a positive indication and the stock shall perform well in coming session.
It has been observed on monthly chart that the price action breaks above strong resistance zone and shall further move up as buyers are now in control.
Fundamentally, the company have recorded highest quarter sales, and also sustaining growth in net profit margins, which has boosted the momentum in the stock.
Long term view:
It has been observed on the daily chart that the price action strongly breaks above the triangle formation pattern with a long candlestick that did not have a lower wick, indicated full control of buyers on price action. Now, it shall further move up to all time highs.
It has been observed that the price action powerfully breaks above triangle pattern formation while forming a strong big green candle stick with no wick at bottom, also indicative of a strong buyers control over price action. Now, it shall further move up to make new all time highs.
It has been observed on the Weekly chart that the price action breaks above the strong resistance zone of 830-35, which now indicating a new all time high and also shall further move up.
The company has been working well with strong growth, which also eligible for investing.
It is been observed that the markets are consolidating for more than a week and now it has formed and completed an ascending triangle pattern formation and once breakout confirms on either side of the formation then it shall provide a good directional move in the market.
Key Levels: Support 9910 Resistance 9965 (55 points range)
It is been observed on the daily chart that the price action breaks above the Ending Diagonal and also formed a RSI divergence indicating a change in price action from a down to upward trend. It shall further move up from current levels.
It is been observed on the hourly chart that the price action is firstly forming a U shape Cup consolidation followed by a downward correction channel, Handle and now breaking above that zone which is indicating a bullish move ahead.