HAYL | Cup & HandleAnalysis As the stock has broken out of the cup and handle neckline, the stock may potentially move towards the Fibonacci retracement level of 0.5, which is in the range of 93 to 93.50.
Stop-Loss 76
Disclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in this stock.
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BRWNThe stock has broken out of the descending triangle pattern to the upside, indicating potential bullish momentum. If the buyers continue to push the price upwards, the stock may reach the target price of Rs. 155 obtained from the descending triangle pattern height, which aligns with the Fibonacci retracement level of 0.618.
Disclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in this stock.
CHOT | AnalysisAnalysis: Considering the bearish divergence on RSI and the rising wedge pattern, it's safer to exercise caution. It's best to set a stop-loss below the previous higher low level and wait for a breakout of the descending trendline on the RSI or wedge pattern. If the stock stays above the 10-day moving average, it could be a positive sign.
Stop-Loss: 18.50
Disclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in this stock.
AHPL | AnalysisAnalysis: The stock has broken out of the ascending triangle pattern and retested the pattern high for support. If the previous higher high of 43.90 is broken, the stock may potentially move towards the levels of 47.30 to 48.50 levels.
Stop-Loss: 39.50
Disclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in this stock.
VONE | AnalysisAnalysis: Considering the bearish divergence on RSI, lower highs, and the rising wedge pattern, it's safer to exercise caution with a stop-loss below the previous higher low level and wait for a breakout of the descending trendline on either the price or RSI. If the stock stays above the 10-day moving average, it could be a positive sign.
Stop-Loss: 39
Disclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in this stock.
CIND | Cup & HandleThe stock has broken above the Cup and Handle pattern and is currently facing resistance at the target price of 87. Additionally, it appears to be forming another, wider handle formation. If the stock retraces, it could test the neckline at 79.50 levels for support before potentially moving higher towards the second target price of 96 levels (at Fibonacci retracement of 0.786) based on the broader Cup and Handle pattern. However, if the 79.50 level fails to provide support, the stock may test the 74.50 level (which represents the 0.618 Fibonacci retracement taken from the levels of 66 to 86.4).
GLAS | Cup & HandleThe stock has formed a cup and handle pattern. As the pattern has not been broken yet, and the Relative Strength Index (RSI) is approaching the trendline resistance, it may be best to trade with a stop-loss order placed below the previous higher low of 14.60.
If the neckline resistance at 15.50 levels is breached, the stock may reach Fibonacci retracement level 0.65 at 18 levels or even higher, possibly towards 18.50 levels.
Disclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in this stock.
LOFC | Making Inverted H&S ?The stock has broken above a falling wedge pattern with considerable volume and has created a higher high. After retracing towards the 10-day moving average for support, the stock is currently consolidating between the 10-day and 30-day moving averages, while creating a higher low. If the bulls manage to break above the neckline resistance around the 6.8 to 7.0 range, the stock may create an inverted head and shoulders pattern.
To manage risk, traders should have their stop-loss below 6.10.
CALT | Yet to break the Inverted H&SThe stock has formed an inverted head and shoulders pattern that is yet to be broken. If the stock manages to break and close above the Rs. 34.20 level, we may see an increase in buying interest, which could push prices towards Fibonacci retracement levels of 1.618 and 2, reaching Rs. 39 and Rs. 42, respectively.
However, if buyers fail to break above the neckline and selling pressure intensifies, we may see the stock retesting the Rs. 31 level around Fibonacci retracement level of 0.618 for support.
For a stop-loss level, the ascending trendline (dashed line) can be used.
Disclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in this stock.
ALUMWith the breakout of both Falling Wedge and Inverted Head and Shoulders patterns, the stock may reach Fibonacci 0.5 levels. However, a retest of the neckline at 7.30 is also possible. To manage risk, traders may consider placing their stop loss at the previous higher low of 7 or just below the neckline.
SAMP | Cup and HandleWith the stock breaking out of the cup and handle pattern, it may reach the Fibonacci retracement 0.618 level. However, it may encounter resistance near the Fibonacci retracement 0.5 level and the ascending trendline.
As the stock price continues to rise, it's best to regularly update the stop-loss to higher low levels on a shorter time frame chart, such as a 4-hour or daily chart .
Disclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in this stock.
VONE | Broken Inverted H&SThe stock has broken above the neckline of inverted head and shoulder pattern and descending trendline indicating a bullish continuation of price. The target price will be Rs. 40.50 based on the inverted head and shoulder pattern height which is also at Fibonacci retracement level of 0.5.
Stop-loss can be set below neckline around Rs. 35.50
Disclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in this stock.
Sun shining past a major trendlineSUN.N0000 is an aggressive growth company growing through M&A's. With margins under pressure due to the economic crisis in the country SUN was not able to perform as expected however going forward they will be able to improve margins with the economy recovering, this along with a reduction in lending rates is expected to significantly boost net income for the group.
For the previous quarter net finance cost stands at 25% of EBIT (FC ->34% , FI -> 8.5%)
Tight consolidation following a good quarterThis penny stock has been consolidating for several weeks following an excellent quarter where the company reported an EPS of 0.54 driven by strong top-line and margin growth. Repetitive performance will warrant a rerating and a strong momentum upwards in the counter.
PINSThe stock has been trading in a horizontal channel for almost 10 months while forming a bullish divergence on RSI, which suggests rising buying pressure. However, the price still faces strong resistance around Rs. 25 to 25.30 and needs to break out of this level to confirm an uptrend.
Disclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in this stock.