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Scrip is gearing up with MACD momentum to reach to target price and beyond Rest in charts. Bullish momentum sign 1) SMA - Price range is above SMA-15 and SMA-200 and SMA-15 is above-200 which gives strength to ongoing momentum 2) Rebound from support levels where resistance has become support now Aiming towards TP and beyond thereon after entry confirmation...

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As per weekly charts, Scrip is gearing up in ascending channel with higher highs and higher lows, forming strength candles wherein, BH>50% CH% Candle. Thanks to Deishma for providing theory insights deishman.wordpress.com BH -% is Body Height of the Candle and is the Absolute Difference between Close and Open of the Candle. CH -% is Candle Height of the Candle...

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Scrip had been trading in a channel or consolidation phase since 159 days (5 months approx.) with three reaction lows and two higher highs, now to breakout from consolidation channel with higher volume surge aiming towards TP as mentioned.. However, Dark cloud cover pattern has been formed on day 2 which is bearish candlestick reversal pattern, similar to the...

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Scrip has been moving in swings with three higher lows and three higher highs for 75 days, henceforth validated with time duration and trend and it managed to retrace back quickly after breakdown from ascending channel prior. As the symmetrical triangle extends and the trading range contracts, volume has also started to diminish. This refers to the quiet before...

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Scrip has been able to find resistance at core support levels Rest in charts. Bullish momentum sign 1) SMA - Price range is above SMA-15 and SMA-200 and SMA-15 is above-200 which gives strength to ongoing momentum. 2) Bullish Reversal Pin Bar Formation In a bullish pin bar reversal setup, the pin bar’s tail points down because it shows strong rejection of...

amankavi Updated 

Scrip is again nearing the resistance zone from where it has retraced 4 times however bulls have always managed to have reversal around 82 support level Would be interesting to see if the scrip manages to breakout from the crucial resistance peak of 112 (52-week high) this time as strength candles are also to be seen with good volume during last few sessions...

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Rest in chart.. MACD golden cross As marked in chart, Short-term moving average (such as the 15-day moving average) is going to cross above its long-term moving average (such as 50-day moving average) The golden cross indicates a bull market on the horizon Also, The company could be major beneficiary of News - Cabinet approves Rs 2,600 cr package for...

amankavi Updated 

Scrip is gearing up in ascending channel with higher highs and higher lows Breaking out from ascending channel can make the scrip surge till targets defined. Rest in charts. Bullish momentum sign 1) SMA - Price range is above SMA-15 and SMA-200 and SMA-15 is above-200 which gives strength to ongoing momentum. 2) CCI (Commodity channel index) - Above 100 3)...

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Scrip has been able to find resistance at core support levels and break trendline with good volume however, would wait to enter post confirmation ensuring it isnt false breakout Would prefer to increase stake after the scrip manages to move out of consolidation channel Aiming for TP - 99, 120, 130 in LONG TERM Nonetheless, One cannot invest for very long...

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Post confirmation of bearish engulfing , Entry below 535 TP - 530, 525, 520 If further fall is seen, SHORT till 492 30 mins. chart also showing exhaustion bearish gap being covered RSI retracement as seen earlier would further confirm the SHORT opportunity

amankavi

Scrip has already shown gap up from consolidation channel with higher volume however, Long-legged doji has appeared Long-legged doji Convey a sense of indecision or tug-of-war between buyers and sellers. Prices move above and below the opening level during the session, but close at or near the opening level....

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Scrip has already come back from the retracement from double top bearish reversal quite sooner than expected and has already moved out from consolidation channel Today candlestick has resulted in bullish pin bar Bullish Reversal Pin Bar Formation In a bullish pin bar reversal setup, the pin bar’s tail points down because it shows strong rejection of lower...

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Price action has taken bullish reversal from core support levels after prolonged downtrend and now, Breakout with volume surge is yet to be seen. Already, the scrip has seen volume increase during past few sessions Aiming for short term for Target 1 and 2 after breakout from trendline. The company has shown progressive results in...

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Scrip is almost about to breakout from 52-week high and aiming towards newer highs with more momentum, this time. Body height (BH) of candlesticks showing the way BULLISH TREND 1) Golden cross - As marked in chart, Short-term moving average (such as the 15-day moving average) has already crossed above its long-term moving average (such as 50-day moving...

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Scrip is near to cross the crucial resistance level and touch 52-week high level (646) and go beyond Be wary of doji candlestick which had resulted in trend reversal (pullback) earlier Planning to enter intra-day Enter above 624 TP - 630, 635, 640, 647, 650 Sl can also be taken as per risk appetite Rest in chart..

amankavi Updated 

Scrip has already crossed the price target defined earlier with bullish harami in motion. Breakout from ascending channel could result in more effective buying henceforth, resulting in major surge Planning to enter intra-day with price level mentioned in chart aiming towards Enter above 975 (Post confirmation) TP - 980, 987, 993, 1000 Sl= As per risk appetite...

amankavi Updated 

Scrip is gearing up in ascending channel after rising from prolonged downtrend Breaking the trendline support and neckline resistance can take it to TP and beyond. Rest in charts. Bullish momentum sign 1) SMA - Price range is above SMA-15 and SMA-200 and SMA-15 is above-200 which gives strength to ongoing momentum 2) %william - Reversal needed 3) Volume...

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Although not 100% valid pattern, however, If the scrip breakout from core resistance level of 141, One can aim for price target as defined Enter above 143 (Post confirmation) as the day chart is showing bearish retracement for now after uptrend.. MACD golden cross (bullish breakout pattern) also seems to be showing the way where short term moving average goes...