URANOUSCOLD

URANOUSCOLD Updated 

1. What is a divergence ? a) A divergence takes place when the MACD indicator (or any other technical momentum indicator) contradicts price. b) A divergence is often seen as a sign that the current market action is losing its momentum and weakening, meaning it could soon change direction. c) One of the most common problems with divergences is ‘false positives’,...

URANOUSCOLD Updated 

Recommendation: Enter now at the lower support lines and exit at the upper resistance line. Why I am personally bullish on this stock ? 1. Bullish Price Channel 2. Strong Fundamentals a) Quarterly Sales increased from 77 crores (Dec 2021) to 182 crores (Dec 2022). b) Quarterly Operating Profit increased from 4 crores (Dec 2021) to 46 crores (Dec 2022). ...

URANOUSCOLD Updated 

This is purely technical analysis and educational in nature ! Recommendation: This is just a potential ABCD bearish Pattern. If the candle on 10th March 2023, is bearish with huge volume then there is a strong chance to short your trade. Also, look for any double tops or other indicators to support this bearish trend. Note: Target 1 , Target 2 and Stop Loss is...