SAMPseems 49 is a good support area for SAMP, currently being supported by dma50. However better to keep a stoploss at 48 incase of possible descending triangle in making. bulls keep an eye at RSI, breaking out that trendline might give and early signlaby DrBukkabwoi0
RCL considering the last spike. RCL went up and got rejected at a Fib level 35.2 and came down rapidly following xD. Now it has made Hidden bullish divergence and making recovery Demand zone. Heavy resistance can be expected between 30.5-31 rangeLongby DrBukkabwoi1
LOFCI dont like what i see, a Massive descending triangle. so far best entry will be at 5.5 with a strict stoploss right below it. and second best entry will be ranging trendline support whcih gives a support at 5.0.by DrBukkabwoi3
ACL.N - ACL CABLES PLCDisclaimer: 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. The stock is trading at the resistance zone 82.00-84.00 and trying to break it above. There is a supporting trend line (marked with the dotted line) which is also acting as near-term support. The share is showing bullish behaviour. It is not beaten down because of the weak movements of the market. The MAs are also looking fine and aligned correctly. by Captain_Pathum1
LIOC.N - LANKA IOC PLCDisclaimer: 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. 22-03-2023 Downtrend 20 MA crossed the 50 MA showing a downtrend. 23-03-2023 Price broke down the support level which was previously created with a double bottom pattern. 28-03-2023 Double bottom support failed and share price dipped further down towards the Crucial Support 156.00 - 162.50 Golden Pocket. 29-03-2023 The share price bounced back from the golden pocket support. 31-03-2023 The previous double bottom support is now acting as a resistance 172.00 - 179.25. Share price was trying to make a breakthrough from the resistance. by Captain_PathumUpdated 0
SPEN has broken down from a trendline now on 200DMA support. nothing confirmative yet.. but volumes slowly coming in ! by DrBukkabwoi0
BOGA.N - BOGALA GRAPHITE LANKA PLCDisclaimer: 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. Share price closed above the support 60.00-62.00 with 3.34% gain on price. If the overall market keeps positive this area will be acting as a good support zone . Breaking resistance zone 68.00-70.00 is very important. Breaking this zone with huge volume will open the path towards 80.00 The U shape and the dotted trend line can be considered as a cup and handle . But it is not the prefect resemblance of CnH .by Captain_Pathum0
AAICslowly coming to demand zone, check how RSI has been supported on trendline. However know the high volatility of the counter and play it wise RSI is about to make bullish divergence if prices go below 82Longby DrBukkabwoi2
DPLanother broken down descending triangle. and overhanging 200dma. GP levels might come hand to make an swing trade. by DrBukkabwoi1
KAHAHas almost beaten down to ground, but RSI slightly showing strength, keep an eye on volumes. There is clear bullish divergence on 1 and 2 hr charts and on 4hrly very tiny one. Know that counter is illiquid as well Longby DrBukkabwoi0
FCTAnother counter in a symmetrical triangle, Recent retrace 100DMA has supported the price and made recover. Keep and eye at green RSI trendline. Breaking above it may give an early signal of breakout!Longby DrBukkabwoiUpdated 6
LMFanother simple chart. Prices have slowly come above MAs means bullish in short term while consolidating in a symmetrical tirangle. can expect a move soon. Take positions in portion or Stop at 120Longby DrBukkabwoi1
COOPsCoops is consolidating within a symmetrical triangle, with RSI has broken the trendline (green) and retested, going towards the higher trendline.(yellow). Prices have found a great support near fib level 0.232(3.2) before the bounce. Overall it is seem to be on a bullish trajectory. Breaking the upper trendline of price, will likely confirm that.Longby DrBukkabwoiUpdated 4
BFL - meat factory!successful breakout! watch out for take profits. fib resistance can be takenLongby DrBukkabwoiUpdated 0
RICHcurrently has broken out and now on retest. simple! 23.5 will be the BoS. keep an eyeLongby DrBukkabwoiUpdated 4
REXPshowing Clear 4hrly bullish divergence, while sitting on a support level. prices seems to make a falling wedge as wellLongby DrBukkabwoi0
LLUBas expected it has broken down the trendline and currently looking bearish. if anyone to enter consider DCA methods. however smaller time frames shows slight bullish divergences (1hr) RSI has broken retested and crashed. GP looks a really good entry point for investors. Currently counter is trading below 200dma.by DrBukkabwoi0
BOGA.N - BOGALA GRAPHITE LANKA PLCDisclaimer: 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. Share price closed above the support 60.00-62.00 with 3.34% gain on price. If the overall market keeps positive this area will be acting as a good support zone. Breaking resistance zone 68.00-70.00 is very important. Breaking this zone with huge volume will open the path towards 80.00 The U shape and the dotted trend line can be considered as a cup and handle. But it is not the prefect resemblance of CnH. by Captain_Pathum1
MELSseems like Mels is in for a cup of tea! Currently forming its handle after being corrected making a bearish divergence at recently high entries can get after a breakout or in DCA system. STOP loss - 50.5Longby DrBukkabwoiUpdated 4
EXPO another index dragger right here.! counter was beaten down so hard and RSI has come to 21 (oversold ++) levels, while making Bullish divergence below 4hrs time frame. However clean close above 132 tomorrow is a must for counter to go back in the broken trendline to consider it being a Fakeout. Good collection and volumes were noted today at 130 levels. 4hrly chart also shows a falling wedge being made.!Longby DrBukkabwoiUpdated 225
KVAL 02042023Counter looks to have bounced back. RSI bounced back and retested and moving towards resistance. Important to monitor the RSI resistance. by nafeesmn0
EDEN.N - EDEN HOTEL LANKA PLCDisclaimer: 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. The price has broken the long resistance trend line and is maintaining above it. Also, it has created a descending wedge which is a bullish signal. 03-03-2023 EDEN was testing the support 17.50-17.80 area and created a bearish engulfing candle. RSI values cooled down a bit but. MACD is still sowing positive signs while the MA 20/50 shows signs to cross. 07-03-2023 The stock price kept dipping for the second day while validating the previous close engulfing candle. It broke the support from 17.50 to 17.80 (which was a weak support) and closed above the MA 50. The price closed at 17.00 Rs, the upper limit of the strong support area. (16.00 to 17.00) 08-03-2023 EDEN came down and closed within the support 17.50-17.80 range. If this support doesn't hold 16.00 to 17.00 support will be the solid area for rest. Even though the price came down RSI and MACD was not showing negative sentiment. 17-03-2023 Share price kept gradually coming down to a strong support zone. There is some positivity cos' 20 MA has crossed the 50 MA. 24-03-2023 Share price moved sharply towards the resistance area of 18.00-18.50 and closed in the range. Both MACD and RSI are showing bullish signs. 28-03-2023 Share price dipped further towards the support zone, but there was still interest to collect the share. by Captain_Pathum2
GHLL.N - GALADARI HOTELS (LANKA) PLCDisclaimer: 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. 21-02-2023 Buyers broke the trend line after the accumulation was complete and stated it upward momentum. 02-03-2023 MA 20 crossed MA 50. 03-03-2023 It broke key resistance levels but failed to close above the resistance of 14.10, but it closed above the price 13.30 and we can assume that the selling volume has been absorbed. The RSI is in a heated position at the moment. The next resistance is 15.30-15.40, but it is a weak resistance. 20-03-2023 Bulls managed to break the price above 14.10 and close above it. A good buy volumes has been observed. 13.30-14.10 will be a good support for the share depending on the overall market sentiment. 31-03-2023 There was less activity in the share and price closed creating a DOJI candle. MACD is showing some weakness but RSI is keeping above the mid line and ranging.by Captain_PathumUpdated 220