marketmoneymohmaya

marketmoneymohmaya Updated 

Firstly this is a day prior to weekly close. The stock was in my IPO scan watchlist and i have been tracking this since a few weeks now. As you can see from the chart that the stock is in a down trend. While in a downtrend the volumes went dry and recently from last month i can see a stock forming a base ands volumes are showing up. I have already taken a pilot...

marketmoneymohmaya Updated 

After a cup with handle breakout the stock went into a consolidation of 13weeks. Today we experienced high IV and stock firing up 6% intraday. A low cheat entry triggered for me today so took an entry while closing hours. 96 is the the crucial level to watch for. A weekly close above it would confirm an upward bias move. Stock is trading above all key moving...

marketmoneymohmaya

On a monthly timeframe it is sustaining above 1969-2365 (previous resistance zone) which is now acting as a support. A new HH was formed on the same timeframe and the price is consolidating thereafter. On a weekly timeframe we see the range getting squeezed and no of consolidation weeks is coming down too. It is well sustaining above the 2365 levels for 9weeks...

marketmoneymohmaya

On the monthly chart the price was not able to sustain above 25 levels which we see now seems sustaining. Probably coming our of small base of 8 weeks and 20.5% range it is well sailing above all its key moving averages with decent volumes. Quarterly sales are improving. 18-25 levels will now act as strong support and a weekly close below it with a follow...

marketmoneymohmaya

After breaking out of the downtrend it retested the resistance zone which acted as a support. It seems coming out of the 1st base of 9weeks and 25% range and in confluence this is the 1st week which close above the highest monthly close that happened in 2017. The stock did not closed above this on monthly timeframe. Volumes are good. It is sailing above all its...

marketmoneymohmaya

The stock coming out of a downtrend, it rallied without any consolidation since then. It went in a base formation of 18Weeks and range of 28% it has broke on decent volumes. Stock sailing above its key moving averages. 155-164 zone shall now act as good support and a weekly close with follow through will invalidate our view. 197 - 205 - 213 - 270 - 321 are...

marketmoneymohmaya

Stock showing good strength. Quarterly results are good too. Not much data to the left side. A probable VCP pattern breakout on good volumes. It's sailing above all its key moving averages too. Stock sustaining above 103 for two weeks now. Now, 103 shall act as support. 137- 182 are the levels that can be tested over the long term. Disclaimer: This is...

marketmoneymohmaya

Stock coming out of 21 week base of 34%range on a good volumes and is now sustaining above it for 2 weeks. Down week volumes are low showing strength. 170 shall act as a support as there is weekly gap away formed 170-172.65. A weekly close and a follow up thereafter shall make our view invalid. 248 - 280 - 321 - 440 are the levels that can be tested over the...

marketmoneymohmaya

A probable classic VCP structure. Successful closure over the resistance/supply zone 49-54 on good volumes. 49-54 shall act as main support zone, but 64 will also act as a minor support from hereon. Weekly close and follow through below it shall invalidate our view. On the upper side, 87 - 103 - 123 - 135 levels can be tested over the long term in future. ...

marketmoneymohmaya

After consolidating for a year now it has broken the supply zone 284-334 on good volumes. Earlier it tried twice but did not sustained. Went into good base formation thereafter. 280-284 shall now act as good support. Weekly close below this will weaken it again. Over the upside, 442 - 469 - 579 - 898 are the levels that can be tested over the long term. ...

marketmoneymohmaya

After coming out of the probable low cheat zone 95-103, it went straight to the resistance / supply zone 126-149. It consolidated there in the zone for almost 28 weeks in 27% range and finally showing strength breaking this base and sustaining there for the 2nd week and that too on good volumes. 95-103 will be the support but now 126 shall also act as good...

marketmoneymohmaya

After breaking out of the supply zone 152-164, it consolidated for 3 weeks and with such urgency it rallied further. After which it formed a base of 11 weeks and 27% range and this week it broke out of that base again on good volumes. 245 would act as good support but 300 shall now act as minor support level. so with that risk we can watch for 444 - 597...

marketmoneymohmaya

On a monthly timeframe this chart is looking strong. On a weekly timeframe we are early to entry, as ideally our entry triggers if it closes and sustains above the resistance zone 98-120. which is almost 20% up from the current price. But only reason to share this counter early is the confirmations it has given on the shorter timeframe. It has sustained well above...

marketmoneymohmaya

After breaking out of the resistance 761-816 it rallied and formed a new base of 6 weeks and 17% range. It had came out of the base on good volumes and shall resumes its upward journey. It is well trading above all its key moving averages too. 966-989 shall act as good support and our risk zone too. A close below it and a follow through will make our view...

marketmoneymohmaya

After breaking it out of the resistance/supply zone 91-101, it didn't sustained and started consolidating around the zone. So the previous resistance now acted as a support zone. After consolidating for 21weeks in 22% range it had finally came out with good volumes support. It is well trading above all its key moving averages too. Still we shall consider...

marketmoneymohmaya

After breaking out of the supply zone (218-262) it went and formed a 1st base of 9 weeks and 25% range and then going further up and formed another base of 11 weeks and 20% range. Volumes are increasing too showing strength. Now 337-344 shall act as an initial support and though it has not retested the resistance 218-262 which shall now act as main support if...

marketmoneymohmaya

After the long cup with handle pattern breakout the stock is still rallying and we expect a small base formation of few weeks or a retest of some kind. So would suggest to wait for more confirmations and price action in the near future. Power sector on the overall is hot and strong. 278-298 shall act as an initial support for it but 246-267 would be the main...

marketmoneymohmaya

After breaking the confluence of the down trend line as well as the resistance levels 95-109 it had formed a base of 17Weeks and 37% range where it retested the resistance which turned into a support. We see a good volumes coming up over the past few weeks showing strength. It is now above all its key moving averages. 135-143 shall now act as an initial support...