amankavi

amankavi Updated 

Scrip price action can be seen taking a pullback after forming rounding bottom pattern for approx. 10 weeks and standing at attractive valuation currently with right P/E - www.marketsmojo.com Expecting the scrip to first touch tp-1 and then, surpass 52-week highs this time after reversal and crossing strong resistance owing to its strong fundamentals and growth...

amankavi Updated 

Scrip price action can be seen in rounding bottom and on the verge of breakout. We can except scrip to surpass 1300+ levels this time with good volumes Many brokerage houses are also bullish on this company Best case study (research) - www.tradebrains.in Would plan to buy, aiming for long term investment purposes owing to strong fundamentals of the...

amankavi Updated 

Scrip has started to take bullish reversal with MACD showing the way and been consolidating around certain price levels of 240-270 since past 2 months. Yet would require more confirmation to enter at price range as defined, if the scrip doesn't consolidate within certain price range and surges with good trading volume, One might aim for stipulated TPs as also seen...

amankavi Updated 

Scrip can rebound back from support levels Rest in charts. Bullish momentum sign 1) RSI indicator around oversold zone from where it had rebound back 2) Falling wedge pattern however volume is now required as an essential ingredient to confirm a falling wedge breakout to make it rise towards desired levels 3) Fundamentally sound company which has shown...

amankavi

Scrip can be seen showing sign of corrections with MACD short term average going down below long term and price action coming below short-term EMA although dragonfly doji has formed on weekly charts so there could be some retracement however, the scrip is very much worthy of accumulating on dips. As of now, It is trading at expensive valuation with P/E -...

amankavi

On weekly formation, Dragonfly doji candlestick at support level (downtrend) which is giving sign of reversal wherein the closing price has managed to reach up to opening price. Probably, Indication of relief in coming week!

amankavi Updated 

Scrip price action can be seen in symmetrical triangle with lower highs and higher lows. However, the pattern still remains to be connected when the lines converge as they are extended and the symmetrical triangle takes shape. We can always think of it as a contracting wedge, wide at the beginning and narrowing over time. Expecting the scrip to surpass 52-week...

amankavi Updated 

Scrip can be seen taking bullish reversal as prior trends however, expecting the scrip to surpass 52-week highs this time. Any pullback also could be opportunity to buy fundamentally sound company averaging down the price as previous trends shows the crucial support line to be strong reversal zone Noticing the current price action, The scrip didnt correct much...

amankavi Updated 

Scrip price action can be seen taking a pullback after almost bearish bat pattern (although coordinates arent perfect) Expecting the scrip to surpass 52-week highs this time after reversal owing to its strong fundamentals and growth chart. Noticing the current price action, The scrip is being pulled back due to Nifty midcap taking a hit during past few...

amankavi Updated 

Scrip can be entered for SHORT post confirmation as it can attract selling pressure after posting unpleasant results -- www.moneycontrol.com Enter below 635 TP - 628, 620, 600, 570, 550 MACD Short term average has already gone below long term average (Death Cross)

amankavi

Scrip can see strong continuation uptrend owning to Marubozu candlestick - extremely bullish candle. The candle can lead to a continuation of the current uptrend or start of a bullish reversal. Upon confirmation after breakout from falling wedge pattern with surge in volume, One can aim for T1 and resistance (C) Board to consider buyback proposal which remains...

amankavi Updated 

Scrip can be seen taking crucial support at 158 and has formed cup and handle formation. Any pullback could be opportunity to buy fundamentally sound company. I think once it comes out of the formation after some pullback, Should surge up to greater highs MACD bearish convergence can occur when the moving averages move towards each other and can pullback the...

amankavi Updated 

Expecting the scrip to surpass 52-week high with ascending channel as the small-cap company has strong fundamentals as also mentioned here : www.moneycontrol.com "The company’s names is Fineotex Chemical which is also known as FCL. Let us put it this way the company is one of India’s largest textile chemical manufacturer which provides customised solutions to...

amankavi

Scrip can correct and show minro pullback as it had seen sudden surge although would be good oppurtnity to invest at support levels with double bottom Rest in charts. Bullish momentum sign 1) RSI indicator rising (sudden surge) 2) Promoter holding on higher side 3) MACD bullish crossover 3) Research report shows conviction of growth in the company which is also...

amankavi Updated 

Scrip can rebound back as it is facing resistance at support levels with double bottom and is already trading around 52-week low Rest in charts. Bullish momentum sign 1) RSI indicator rising in past few sessions 2) Although, Broadening Falling wedge pattern in play which is bearish sign however scrip has started to face resistance after partial decline 3)...

amankavi Updated 

Scrip can rebound back from support levels after bearish engulfing candlestick in play however scrip has managed to rebound back with small white candlestick in play. Confirmation is yet awaited to enter for short/long duration A bearish engulfing pattern is a chart pattern that consists of a small white candlestick with short shadows or tails followed by a...

amankavi

Scrip has seen increase in volume in recent sessions. Once it crosses 52 Week High with confirmation: ₹ 57.00, Can aim for target - 80, 100 Rest in charts. Bullish momentum sign 1) Gap up - After the company posted progressive results recently : www.business-standard.com 2) Golden cross - As marked in chart, Short-term moving average (such as the 15-day...

amankavi Updated 

Price action could take bullish reversal owing to candlestick as seen from core support levels after prolonged downtrend as seen earlier RSI also seen to be taking rebound from "oversold" zone Aiming for short term for Target 1 and 2 thereon after entry confirmation and thereafter, resistance (C) levels Rest in charts..