Almondz Global Securities Stocks Chart Analysis.
#ALMONDZ
Made peak of 150 in Oct 2021, the stock has experienced a substantial decline, stabilizing near 59-60 and taking support along the pre-COVID trend line.
In March 2023, it established a low at Rs. 59, subsequently made attempt to breach the price resistance range of Rs. 100 to Rs. 103.
Despite efforts over the past 18 months, the stock has been unable to break through the Rs. 100 to Rs. 103 resistance range.
A successful breakout could signal a trend reversal, with the initial target set at Rs. 124 to Rs. 127. Subsequent advancement to the Rs. 146 to Rs. 153 range would prompt a reevaluation for potential bullish channel confirmation.
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#ALMONDZ
Made peak of 150 in Oct 2021, the stock has experienced a substantial decline, stabilizing near 59-60 and taking support along the pre-COVID trend line.
In March 2023, it established a low at Rs. 59, subsequently made attempt to breach the price resistance range of Rs. 100 to Rs. 103.
Despite efforts over the past 18 months, the stock has been unable to break through the Rs. 100 to Rs. 103 resistance range.
A successful breakout could signal a trend reversal, with the initial target set at Rs. 124 to Rs. 127. Subsequent advancement to the Rs. 146 to Rs. 153 range would prompt a reevaluation for potential bullish channel confirmation.
Like, Retweet & Follow For More Such Analysis.