HBS.N0000 - Falling wedge patternFalling wedge pattern and bullish divergence in daily chart. Wait for a pullback and target around 20-25.
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Cseasi
ACL.N0000Buy Zone - 65 to 71
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MARA.N0000Buy Zone - 2 to 2.3
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CARE.N0000Buy Zone - 40 to 50
Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
AFS.N0000Wait for pullback around 30
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GLAS.N0000Wait for pullback to 20
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CHOT.N0000Wait for pullback to 16 - 17
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ASI - Bull cycle for stock market in Sri lankaLong term targets for ASI indicated in above chart.
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CSE - ASI 21/5/23Market has been dull and showing bare minimum turnover for past couple of weeks. Indicating minimal interest of the investors. Usually happens when market bottoming out.
Technically lower trendline is where money lies. Quick touch there should bounce it at the support zone 8550 ~ 8520 roughly, with a possibility of making a RSI divergence.
Keep good eye on RSI trendline for a possible breakout.
DDR/DDO would play a major role as the trigger for next move in price action.
Holding the trendline from previous lows will be crucial for bulls. Below that we might see further pullback/correction/ or more..
NOT an IA
#CSEASIThe index has past resistance around the 9300 mark. The ST bull flag has broken out near the 9300, but not quite yet successfully though. A possible flag and pole pattern break out indicate a possibility to the Index finding resistance around 9600. Support wise there are 2 levels marked in red horizontal lines below current levels. Presently the Index on a pullback to the top of the flag, and should see a break out or a break down to the immediate resistance or support. My biase is bullish due to the flag and pole pattern.