On weekly chart, we can see the stock very much in the uptrend since over a year. On daily chart, the stock seems to to be taking a support at previous month's highs at 219-220. The stock is enjoying an RSI of 61.55 which is yet again a healthy level for entry.
Recommended profit booking for short term is around 240-250 levels however long term holding looks up...
Borosil Renewables Limited is the pioneer & leader in manufacturing of Solar Glass in India. The company has a maximum of 2.4 GW annual manufacturing capacity. The export business for them have grown at the rate of 33% CAGR in past 3 years. During its recent trials, the solar glass manufactured by Borosil Renewables Ltd. has succeeded in generating 7.5% more...
On the 18th of May 2020, the downtrend of BOB shifted sideways. This sideways range continued for almost 27 weeks only to breakout from the range and change to uptrend around 1st December, 2020. The uptrend was resisted at Rs. 100.60 in the mid of Feb., 2021 exactly at the levels of previous downtrend's beginning. This resistance further tested...
About the Company:
Marico Limited is one of India’s leading consumer goods companies operating in the health, beauty and wellness space. With its headquarters in Mumbai, Marico is present in over 25 countries across emerging markets of Asia and Africa. It nurtures leading brands across categories of hair care, skin care, edible oils, healthy foods, hygiene, male...
About FirstSource Solutions Ltd.:
Firstsource Solutions Ltd is a global provider of business process management services. The company offers wide range of services in the area of banking and financial services i.e. provides customized, flexible and cost effective BPO solutions in area of retail banking, insurance, credit cards and mortgages, telecommunications and...
So in the year 2017, in April we started the journey from $1069 and went all the way to $19804 a bitcoin before it took the dip. This jump was almost 20x from $1069 just to dip down and still be at 2x @ 3331.
This time, we started from $6152.90 and have by far only reached a 10x to $61769.97
If history is to be repeated, we can easily look at nothing below...
Played in 1st resistance zone for a week to enter the next resistance zone.
Might check support at R2 before jump.
However shooting star formation could happen too.
So wait for tomorrow's candle to close, if its green; buy day after.
MACD says bullish. so could be a good entry point.
RSI Still under over bought zone.
1. Previous month resistance acting as support for this month.
2. Rounding bottom formation in last month with last two candles breaking out above.
3. MACD bullish crossover. Ride the bulls coming up.
4. RSI around 77 so can be a good ride for short term
1. Broke the resistance on 7th Jan, converted the resistance into support on 8th Jan. Good entry point.
2. MACD crossed bullish on 5th Jan with Resistance break out confirmation on 8th Jan. Good buy.
3. RSI well above 65 on last close. 3rd positive sign here.