UnknownUnicorn33113667

UnknownUnicorn33113667 Updated 

The 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...

UnknownUnicorn33113667 Updated 

If broken above Ascending Triangle pattern at 36.40 CINV could reach 44.50 based on the pattern.

UnknownUnicorn33113667 Updated 

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...

UnknownUnicorn33113667 Updated 

The stock has formed an Inverted Head and Shoulders pattern within a Descending Triangle. Traders could consider placing their stop loss at the previous higher low of 72. If the neckline around the 77 range is broken, it's possible that the stock may break out of the triangle pattern and move higher.

UnknownUnicorn33113667 Updated 

Should reach FIB retracement level of 0.618 with the breakout of Symmetrical Triangle pattern.

UnknownUnicorn33113667 Updated 

The stock has broken above the descending trendline resistance, but has found resistance at 52.80 levels. It is possible that the stock is in the process of creating an inverted head and shoulders pattern. If that's the case, we may see the price finding support around the 10-day and 30-day moving averages around 50 levels. Eventually a breakout above the neckline...

UnknownUnicorn33113667 Updated 

Since the stock has not yet broken above its descending trendline resistance, it may be best to observe this counter for the time being. 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.

UnknownUnicorn33113667 Updated 

The stock's current price is testing its 200-day moving average. If the stock price breaks above this level, it could test the resistance range between 31.5 and 32.

UnknownUnicorn33113667

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...

UnknownUnicorn33113667

The 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...

UnknownUnicorn33113667

The 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...

UnknownUnicorn33113667 Updated 

After 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...

UnknownUnicorn33113667 Updated 

The 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...

UnknownUnicorn33113667 Updated 

With 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,...

UnknownUnicorn33113667 Updated 

The 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...

UnknownUnicorn33113667

Based 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...

UnknownUnicorn33113667

The 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...

UnknownUnicorn33113667 Updated 

By breaking the previous higher low to the downside, the stock has the potential to fill the long wick and reach the 9.30 level. If those levels are also broken, it may try to find support around the he 200-day moving average. Without the creation of a higher high, the stock may carry risk for traders who are uncertain where to set their stop-loss.