marketmoneymohmaya

marketmoneymohmaya

8 week of consolidation seen, ~12% range and an attempt to breakout but failed. We now need at least 2 daily close above 70.15 levels for it to be considered as strong candidate and willingness to move upwards. This week we can see a gap-away candle but long wick while closing the week is a concern. 2 pocket pivots volumes back to back on daily TF signals some...

marketmoneymohmaya

On a monthly chart it is showing strength. Closed the week with nice volume. Now it should sustain at current levels. Stock is holding above the key moving averages. Above is the key supply zone (23.75-33.60) which can be tested. This still accounts to 60% move. An entry on a pullback shall lower the risk. Wait and Watch this weeks price action. Disclaimer: This...

marketmoneymohmaya

After breaking the down trendline and taking support of key moving average it tested the ATH levels and broke without any consolidation. After taking out the ATH levels it consolidated for 5 weeks with 13% range and also on low volumes. Volumes are still dried up. It has managed to close above the July's last week candle high(131.70). 1st week of august it tried...

marketmoneymohmaya

It has now been 9 weeks of tight consolidation of ~8% range. Stock is still holding above its previous ATH levels and also its key moving averages. Volumes have dried out. A close above 4000 levels with volume support would be good start for an upward journey. 4800 levels shall be kept as the first target as per the trend based fib. and further price action can be...

marketmoneymohmaya

An ATH(all time high) Weekly Close. Respecting the up-trend line. Taking support of key moving averages on every correction. Decent consolidation before breaking out. Now it shall sustain at these levels. As per the trend based Fib extension possible target levels comes to 1400-1600 levels. Disclaimer: This is just an analysis and not a buy/sell recommendation....