Scrip can take bullish continuation flag breakout beyond 52-week high resistance towards new TP
Breakout price range can form support and SL if the breakout bullish continuation is seen
Lets wait and watch :)
PROS (Ahead of peers)
- Company is virtually debt free.
- Company has a good return on equity (ROE) track record: 3 Years ROE 27.16%
- Company has been...
Scrip has gone through descending triangle formation from 52 week high resistance as it has seen sufficient bearish pull. Breakout goes up or down is to be decided
Going below 65-67 support level would take more selling pressure or the scrip can stride up towards resistance levels
It can go up as the company has Dividend Payout: 24.03% due to which masses would...
Scrip can show uptrend towards resistance from lower ascending trendline (support)
TP long till resistance 1 if Green engulf candlestick appears with bulls trading the game
Support = As shown in chart
Call = 50-70 days
Bulls had managed to upbeat the bears resulting in scrip moving upward channel towards greater 52-week highs after rebound
However, Day chart has shown long upper shadow which indicates that the Bears have made an impressive comeback after bulls controlled the trading game for the day!
TP short = Resistance (C) thereafter, scrip can manage to go long if breaks the...
Scrip could take long from crucial support levels or can even retrace currently but would prefer to wait and watch for major green engulf, continuous bullish trend, three soldiers
Thereafter, Call could be 3-4 months to reach towards resistance levels
Scrip can slide back with %william going down
Will wait for corrections to happen and reach near break out price point before it zooms off towards resistance levels/doesn't stall and carves out new upward wave pattern
Can trade long if the scrip manages to break crucial resistance of 209 - 52week high
Company with good fundamental although with mounting debt but...
Scrip can reach the resistance level if recurring white soldier or green candlestick engulf is seen again!
Keeping stoploss at support level as mentioned in chart
%william showing oversold and if the scrip retraces like seen earlier, Similar price range reach could be seen..
TP = 175, 185 till final resistance if the bullish support continues
Call = 40-60 days
Elliot impulse wave could be seen due to retracement seen twice from support levels
If movement bullish, Can aim for Short TP towards resistance 1 = 92, 94
%william indicator is seen to be oversold
SL = Support level (mentioned in chart)
Do take this as opinion
Scrip has been consolidating so shorters and swing traders could analyse and take short profits at resistance 1
Long position if scrip manages to cross 52 week-high at resistance 2
Reversal could be on cards as %william is in oversold stage and bulls might be able to take the ride
Keeping SL at support level..
Company with good fundamentals can manage to break...
Scrip is tangled within the consolidation zone of 420-485 since last 4 months
Shorters or swing traders can always take advantage to gain short profits with the momentum
Play safe - As the scrip can take major corrections (downwards) after GST launch as tax levies doesn't appear...
Reversal could be on cards as the scrip to managed to thrice, pullback from crucial support level in past 3 months
TP = 85, 94 Managing to break the resistance level 2 as earlier if nifty supports beyond 9600, bulls should manage to pull near 52 week highs
William% also in oversold stage
Scrip which has shown strong bull momentum from 60 with regressive green candlesticks pushing the price to greater heights
Might touch support levels again owing to %william in oversold stage (above -20) and then, rebound to break the resistance level - 124
Will be buying on dips towards support levels :)
Macro-economic factors could be favorable for aviation...
The scrip has taken sharp correction with sharp sell-off created a MACD bearish crossover with RSI (oversold) from support level
Bulls could be able to take the ride for now after consolidation
Company with strong fundamentals and also (Price to book value: 1.06)
TP = 206,210,223 (nearing to 52 week high)
Call - 20-40 days