BOROSIL - Structure of the stock is of lower top lower bottom However stock has reached near its all time all, so just added in my tracking list to find any probable trade.
Trading in up-sloping channel. Currently trying to hold near channel middle band.
Stock started its upward journey in Dec,16. The Stock turned out of be a multibagger giving returns of about 468% in just one year. However from last one year stock has been trading in a range of 200 points ( 640-440 levels). Hence , a decisive break is needed to see a trending move in the stock, till then wait and watch.
Stock has had bounce in the month of August 18, however since then its struggling near that month's high i.e 200-215. Currently stock has formed Gartley Pattern .
What is Cypher pattern ? Cypher Pattern is a harmonic pattern that has the highest winning rate. It is a Geometrical pattern, hence make sure it matches all the fibonacci rules, which are as follows. AB= 0.382 to 0.618 retracement of the XA swing leg; BC= extend to minimum 1.272 and maximum 1.414 of the XA swing leg; CD= retrace to 0.786 of the...
Stock has seen a breakout from its 15 day's range, hence it might head towards testing its previous high. i.e 343-349 levels in the short- term
Stock has been falling from many months, making lower low. Still no signs of reversal, however its been trading in fibonacci crucial zone hence keep an eye on price action . Further support can be seen at 121 levels. Volumes are considerably low.
short term trend has turned up around 189 levels, where previous minor top had been crossed. level 224 is to be held to maintain the short-term up trend. IMP Levels : 248 ,270, 294
Stock has shown remarkable recovery after testing (691- Oct,18 ) its previous low ( 698 -FEB,16 ).
Stock trading in an up-sloping channel from past 6 months. Currently halting at channel support Formed long bearish candle with huge volume at channel support , signalling bear's exhaustion. And is followed by a spinning candle with good volume. There is a Fibonacci cluster near 512-510 levels. RSI is turning flat. Stock can bounce -back from these...
Stock has seen bouncing from channel support line, after after long legged doji with good volume.. Buy Triggered at 1159 with a stop at 980 Expected targets 1381 , 1504, 1627
Bank Nifty bounces from channel s
Indigo - Shark Pattern Probability Support zone: 853- 758- 717