LWLWith the existing indication of a bullish divergence on the RSI, a breakout of the stock price above the descending trendline resistance at 50 would signal a bullish reversal. Traders may consider setting their stop-loss below 47.50.
ALUMBased on the breakout of the Falling Wedge pattern, ALUM shows indications of a bullish continuation with a potential progression towards FIB retracement levels of 0.5 and 0.618 once current resistance level of 7.30 is broken.
SUNBased on the breakout of the Symmetrical Triangle pattern, SUN shows indications of a bullish continuation with a potential progression towards FIB retracement levels of 0.5 and 0.618. If necessary, a target price of 45.5 can be considered in accordance with the pattern.
CFVFShould check the behavior of price movement cautiously since RSI is at trendline resistance and price at ascending trendline resistance.
A close above resistance level of 41 will indicate a bullish continuation while a close below support level of 31 may indicate a bearish revisal.
Disclaimer: Please conduct your own research before making any investment decisions and note that this is not investment advice.
FCTFCT has formed a Symmetrical Triangle with a hidden bullish divergence on RSI. Inverted Head & Shoulder pattern too could be in the formation.
A close above descending trendline resistance generally indicate a bullish continuation while a close below long-term ascending trendline support generally indicating a bearish reversal.
Disclaimer: Please conduct your own research before making any investment decisions and note that this is not investment advice.
JKH - 15.02.2023JKH - 15.02.2023
Price is testing the S zone between 136.75 and 140.00
MACD line has crossed below the signal line.
Which is bearish. But above the zero line.
RSI has crossed below the 50 point middle line.
CSEACLResults for the 6 Months ending is 18Rs EPS. Upcoming earnings for the year to have a bearing on the future direction of the share price. PE wise the share is attractive under 70rs. The company is exposed to Export markets, and thus an automatic hedge. Support is expected to come below 70rs. Technically share price declined today on heavy selling pressure. This could be due to anticipated earnings release in this week.
CSEGRANEarnings for the last quarter is yet to publish. Results will be the key driver along with overall market sentiment. Based on Fib levels, currently trading around the golden ratio with a overbearing of the results. Trading near psychological support 75Rs. The POC is well above the CMP. Support to come around 70-65 levels.
ACL 1H - 09.02.2023This is not a Buy, Sell, Hold recommendation. It's published for reference to see how the prices move forward.
Watching ACL price movements. 71.70 to 73.50 had interest.
COMB.N.0000 Breakout Please note : This is for educational purposes only.
50.00 to 54.00 was the previous support base since 25.04.2022, with 50.00 was support and 54.00 was resistance.
There were occasional breakouts above and below but more like false breakouts due to the short periods of those and the prices have gone back to the base.
Throw back test at 54.00 on 30.01.2023 had now made 54.00 as support.
SAMP - Daily - 05.02.2023Let's watch how SAMP is building up from its support base. An important breakout took place.
