Rocky_Chow

Rocky_Chow

Will this be the final low for zomato after which it goes to complete the triangle formation? The breakout may happen between 24 Jan 23 -23 Feb 23 ... In previous 2 occassions, when the price closed below the bollinger band it went upwards to touch the resistance level of upper band... (this pattern can become an INHS or a VCP, all subject to...

Rocky_Chow

Not an idea, just a wish ... maybe it forms a triangle and breaks out eventually...the last quarter being the festive quarter may just turn the tables for this cash guzzling entity.. It can very well go to do a double bottom as well...was seeing this chart and visualizing the future of this chart (target of 113 to be achieved by end of April 2023.... nothing has...

Rocky_Chow Updated 

Company has got final arbitration award..should rerate now....may reach the upper end of the parallel channel by August 2023....read the BSE filing by the company...extremely undervalued due to this lingering issue, which seems to have gotten over now with the final award... as long as the price is above 185 this is a buy for me...

Rocky_Chow Updated 

If the price crosses the falling wedge top line then the move can sustain till 234..wait for pattern breakout confirmation

Rocky_Chow Updated 

The holding company and the bank are making similar moves .... while the bank share price just reached a triangle breakout target earlier today, this one is still in formation... date for expected breakout is between 16 - 19 December and target of 340 should reach by 28 December...Stop loss would be a close below the triangle support line..

Rocky_Chow Updated 

Stop loss 341...target 372...horizontal breakout...very basic technical ananlysis

Rocky_Chow Updated 

Since July of 2022, as long as the 10 SMA and 20 SMA are both in an ascending direction and when the lines are coming close to converging, the price has taken a jump... today the price is at a similar juncture and is also at support level within a symmetrical triangle in formation.... the target of the triangle comes to Rs. 33.35/- Stop loss will be price closing...

Rocky_Chow

Inverse Head and Shoulder on weekly charts....target - 179 is the equivalent width and 184 (184 is also a 1.618 fib level from previous high) Stop loss 127.50 on weekly closing basis

Rocky_Chow Updated 

A cup and handle is being seen in the weekly timeframe that gives us a target of 575.. the fibonacci level of 2.618 gives us a target of 520. An ascending triangle in formation on Daily Time Frame which is yet to give breakout may also give a target close to 520 .. May give good upside of 520 keeping a tight SL of 410 on daily closing basis

Rocky_Chow Updated 

As long as price is above 110 on a weekly closing basis, target remains 200+ with a major resistance at 170 being the 1.618 fibonacci level taken from previous high.. previous attempt was thwarted right at another fib level of 1.272...we may see a more consistent and sustaining upmove towards 170 if the rebound happens from hereon... SL price closing below 110

Rocky_Chow Updated 

Fibonacci levels put the next target for the stock at 998 (1.618 level) and stop-loss at 610 (1.272 level) on weekly closing basis which it had surpassed retreated and has again overcome this week... results have been outstanding in the september quarter, price is at all time highs...if one is bullish, this is as bullish as it can get... have a look at its chart...

Rocky_Chow

An Inverse head and shoulder can be seen in the weekly charts, the target is coming to 230+ It has come up a bit since the breakout retest and subsequent BO again... keeping stop loss at 145

Rocky_Chow Updated 

IRCTC has broken upwards from a cup pattern (with a bit of imagination some would argue an Inverse H&S as well) Keeping a closing basis stop loss of 749 one can look for an immediate target of 840. With travel and tourism seeing huge traction, IRCTC as an enabler of mass travel has high possibility of posting strong results this quarter.

Rocky_Chow

Stock is giving a good opportunity to accumulate as the price comes to the lower band of the parallel channel T1 30.10 T2 33.75 T3 resistance line of the channel Stop Loss can be if price closes below the wedge or support line of the parallel channel

Rocky_Chow

My view is biased due to being invested in it. The pattern I am seeing is an inverse head and shoulder from which a breakout and retest is taking place...the immediate target appears to be around Rs. 38/- and the stop loss would be price closing below the red line. Although an INHS at the bottom could also be a trend change signal for a longer term scenario. The...

Rocky_Chow Updated 

Ujjivansfb needs to climb the wall of worry of 26.50 after which it is open for targets of 32, 38 and 44 (fib levels of 0.318, 0.5, 0.618). At 26.50 it will be going above two resistance lines, the moving averages are all placed in the correct order and trending upwards

Rocky_Chow Updated 

Ascending Triangle in formation here on the hourly charts giving a target of Rs. 30.30. Breakout confirmation will be when price closes above Rs. 25.75. It can trigger by 25 October, first half, and max time to reach price target is 7 November, first half. Price closing below the blue ascending line is the stoploss for the trade. Monday, November 7 is the day when...

Rocky_Chow Updated 

Whenever price breaks above the downward sloping channel there is a higher probability of it making an impulse wave and moving towards the resistance line of the long term parallel channel...till then expect it to continue its downward slide and lackluster performance.. Q2 results in November may set the move as the strong USD can act as a tailwind due to over 70%...