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BOGA | Inverted H&SThe stock has formed an inverted head and shoulders pattern. A potential breakout above the neckline and descending trendline could push the share price towards the Fibonacci retracement 0.786 level at Rs. 75.5. During such a move, some resistance around Fibonacci retracement 0.168 and 0.65 levels can be expected. 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.
CSELK:BOGA.N0000Long
by UnknownUnicorn33113667
PLRThe stock has formed a ascending triangle pattern. If the stock breaks out above the resistance range of 7.70 to 7.90, it could potentially reach the 9.10 level. However, if there is strong resistance, the stock may attempt to find support at the pattern's bottom around 7 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.
CSELK:PLR.N0000Long
by UnknownUnicorn33113667
2
EDEN | Broken Inverted H&SThe stock has broken above the inverted head and shoulders pattern, which suggests a potential upward trend. Based on Fibonacci retracement levels and pattern target, it is possible that the stock may reach retracement level 0.382 at around 19 levels, or even Fib Retracement 0.5 at 20 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.
CSELK:EDEN.N0000Long
by UnknownUnicorn33113667
JETS | Ascending Triangle BreakoutThe stock has broken out of the ascending triangle pattern with above average volume. there is a possibility that it may retest 7.20 levels for support. Eventually it should reach Fibonacci retracement level of 0.236 to test gap resistance. To manage risk, Stop-loss can go below 7.20 levels or previous higher low of 6.8. 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.
CSELK:JETS.N0000Long
by UnknownUnicorn33113667
HHL | At ResistanceThe stock has progressed through an ascending price channel until it reached the descending trendline where it encountered resistance. If the price fails to break through the trendline, it may seek support at the bottom of the price channel. 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.
CSELK:HHL.N0000
by UnknownUnicorn33113667
BIL | Taking a wait and see approach. Since the stock has invalidated the inverted head and shoulder pattern shared in my previous chart, it may be best to take a wait-and-see approach. A bullish scenario would involve the stock staying above the ascending trendline while the RSI remains above its descending trendline. However, if the price or RSI closes below both trendlines, it may indicate a bearish continuation of price movement. 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.
CSELK:BIL.N0000
by UnknownUnicorn33113667
CSE ASI & SL20 | A Bullish Frenzy!The CSE (Colombo Stock Exchange) appears to have a promising future as both indices have broken above the rising wedge and ascending triangle patterns in which they were consolidating for several months. Furthermore, inverted head and shoulder patterns have formed within these patterns. According to the targets obtained from the inverted head and shoulder patterns, the ASI (All Share Price Index) is expected to reach 10,135 levels at Fibonacci retracement of 0.382, and the S&P SL20 should reach 3,128 levels at its Fibonacci retracement of 0.382. Similarly, based on the targets derived from the rising wedge and ascending triangle patterns, the ASI is expected to reach around 10,550 levels at Fibonacci retracement of 0.618, and the S&P SL20 should reach 3,400 levels at Fibonacci retracement of 3 and 3.272. However, there is a possibility that both indices may face some resistance for a short while around Fibonacci retracement of 1.618 at 9,837 and 3,032 levels for ASI and SL20, respectively. 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 any stock.
SLong
by UnknownUnicorn33113667
PACK | Testing Anchored VWAPThe stock has created a bearish divergence on the relative strength index (RSI) by failing to break above anchored volume-weighted average price (VWAP) and Fibonacci retracement levels around Rs. 16.70 twice. The stock cannot be considered bullish unless the previous higher high and anchored VWAP resistance levels are broken. 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.
CSELK:PACK.N0000
by UnknownUnicorn33113667
HAYLThe stock has encountered resistance around the 200-day moving average and the expanding triangle pattern top. With the formation of a lower high, it is safer to set the stop-loss below the previous higher low of Rs. 73.90. A cup and handle pattern will be created If the stock manages to break above the previous higher high of Rs. 78.90. 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.
CSELK:HAYL.N0000
by UnknownUnicorn33113667
2
CSE ASI & SL20 | Inverted H&SAfter finding support from Fibonacci retracement levels 0.382 (SL20) and 0.236 (ASI), both indices are now heading towards their previous higher high levels to potentially retest them. This could create inverted head and shoulder patterns, where a breakout above neckline (9,415 ASI and (2875 SL20) leading to a potential much stronger uptrend. Although there is a bearish divergence on the Relative Strength Index (RSI) on the All Share Index, and the S&P SL 20 being at the trendline resistance, an invalidation of the divergence and a break of the trendline on both RSI indicators is expected with a strong bullish move in the next trading day. 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.
SLong
by UnknownUnicorn33113667
2
VONEThe stock has been encountering resistance near the descending trendline and there may be a possible inverted head and shoulder pattern forming. As this pattern formation is still uncertain, it's best to monitor the stock closely and consider setting the stop-loss below the recent higher low of 33 rupees to limit potential losses. 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.
CSELK:VONE.N0000
by UnknownUnicorn33113667
CHOTWith the stock moving above the descending trendline and breaking out of the horizontal price channel at Rs. 17.70 with above-average volumes, there is a high possibility of gaining momentum towards the Fibonacci retracement level of 0.5 at Rs. 19.50 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.
CSELK:CHOT.N0000Long
by UnknownUnicorn33113667
CTC | Stage 1 BaseThe stock has formed a stage 1 base after a long stage 4 downtrend. If the stock manages to break above the ascending triangle pattern at the 674 level, it may move towards the 781 levels to potentially retest the long-term descending trendline. 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.
CSELK:CTC.N0000Long
by UnknownUnicorn33113667
BFL | At the Edge of ResistanceBased on the formation of a bullish divergence on the Relative Strength Index (RSI) and the price moving along the edge of the descending trendline, the stock may be indicating a reversal to the upside. To manage risk, it is best to wait for a breakout above the previous lower high level of Rs. 145 before taking a long position and if deciding to enter at these levels the stop-loss should go below Rs. 136 since failure to stay above these levels indicating a bearish continuation. 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.
CSELK:BFL.N0000
by UnknownUnicorn33113667
SHOT | Filling the GapThe stock has broken out of the ascending triangle pattern at the 8.90 level to fill the exhaustion gap made on 12/12/2022. With the high volumes being traded, it is possible that it may fill the gap entirely up to the 10.40 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.
CSELK:SHOT.N0000Long
by UnknownUnicorn33113667
1