Prasad_Chenchu

Prasad_Chenchu

On the Technicals, 1) During 2018, stock had reached its All time high and from thereon, it started declining and took 3.6 yrs (appx) to reach ATH again (formed U shape pattern) 2) And a Distribution range from ATH was formed for another 8 - 9 months till Feb'22 just to break down 3) Following that, price started accumulating from Mar'22 to Jul'23 and had given a...

Prasad_Chenchu

1) Price had broken out from a contracting range formed from 2020 to 2023 2) Following that, a double bottom was formed above the earlier range 3) So expecting to consolidate and move up towards All Time High by completing U shape pattern 4) But keeping SL is tricky and required a minimum SL up to 10.5% and maximum of 21% Please share if any other views for...

Prasad_Chenchu

1) Break out from a contracting Wedge Pattern formed from 2018 2) On the shorter Time frame, break out from a Cup & Handle pattern

Prasad_Chenchu

1) Multiple Inside Bars formed from 1st week of July 2) Bouncing from Trendline (which was formed over 66 weeks) 3) Stop Loss could be around 3.5% to 5%

Prasad_Chenchu Updated 

I expect price to hit first target of Rs.532 and with a SL below trend line drawn on 09092023

Prasad_Chenchu

Price has been tested around 0.5 Fibannocci levels and if it closes today strongly and i target it to the trendline drawn on 21062023 in the given chart. However, stock has got a high PB and PE ratio. Please provide your views if anything which i might have missed out.

Prasad_Chenchu

Pattern is repeating for the third time and am considering to enter post a clear and strong break out but yet to do a complete review of fundamentals

Prasad_Chenchu

REPITITIVE PATTERN IN THIS CHART. LETS SEE WHETHER THIS BREAK OUT SUSTAINS OR NOT. BUT I HAVE NOT CHECKED ITS FUNDAMENTALS YET www.tradingview.com