I am tracking this stocks and will monitor how the price action is shaping up. Till now it seems accumulation on going. Should wait for decisive Breakout in this counter in few weeks time.
Meghmani Organics Ltd. Six Months of Consolidation Volume Expansion Breakout Clearly Above with Range Expansion. RSI good levels. Good Bounce from MA
BO of BZ 30% Price 14.4 pts/ BO with VOLEXP Confirmation. Price bounced from 200D EMA
Mark minervini style VCP 3T DailyTimeFrame Volume Expansion and Wide Range Candles
Symetrical Traingle Suggesting Trend continuation. Volume Contracting.
After the Markup on 01 Feb 2021 Stock is in consolidation Mode Broke down from the Stage BZ structure Markup on 01 Feb was not backed by the VOL EXP. Currently trading below the 21D EMA
Positional Trade. Chart is marked with explanation.
Weekly Candle BO Last time it attempted BO was Nov 2017. I am looking for a TGT of @165 CRS is also BO
On Weekly TF Price is attempting BO again above 52W high.
Peaks on SPX are marked seems when ever the US employment rate falls and comes close to zero its time for markets to FALL.
Making H3L (HH HL) on Daily. Sideways Consolidation Since 16 OCT 2020 Made a Tail on RED day yesterday ie 18 Jan 2021
After the VOLEXP 27Nov2020 Price action is around 50% Taking support. Made Tails. Momentum IS Missing.
Monthly TF Stock in long term trend channel Currently above 50% mark of trend channel Either can correct to lower of channel which is marked or can rise to channel Top which is more lkely. Volume expansion has been visible this time from bottom of channel.
Monthly Long Term Chart In channel currectly covered Half of channel where its consolidting. This time from channel low stock bounced with Huge volumes. With current support at @ 900 levels.
CnH Long Term since Inception IPO Tested the Neck line
ATH Range RSI Bullish D,W,M > 70 Support Zone Took support @ 50d EMA