MACROTECH DEVELOPERS (LODHA) - is nearing its 52 week high with a dry up in volume on a daily time frame with a consolidation from the past 100 days.
The company has seen an influx of institutional investing in the last quarter.
Good for swing traders to be kept on watchlist. Look for volume gain above the 30w moving average on weekly time frame.
Can expect an...
📊 Script: LODHA
📊 Sector: Construction
📊 Industry: Construction
Key highlights: 💡⚡
📈 Script is trading near at resistance level which is 1225 keep an eye on stock we may see some rally.
⏱️ C.M.P 📑💰- 1127
🟢 Target 🎯🏆 - 1293
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered...
5/11 - Jefferies next 5 year companies
Jefferies target by March 2029 - 3,000
Real estate is seeing one of the biggest upcycles and Lodha could be a leader in this segment.
Technical Overview:
1. RSI Divergence and Weekly Chart Support:
LODHA's weekly chart indicates substantial support at the Relative Strength Index (RSI) divergence. RSI is a crucial momentum indicator, and divergence can signal potential trend reversals. The presence of RSI support on the weekly chart suggests a strong technical foundation.
Fundamental...
The stock is at an ATH.
It looks good for an entry above 818, ascending triangle in formation in Daily.
The stock is strong in Monthly as well, it has broken out of a Triangle pattern and then moving up strong after pushing all the sellers down with buying pressure evident.
Stock in an uptrend, with sequence of higher highs n higher lows. Avwap sqeeze shows stock ready to move up. Morning star pattern on 10 ema support. small stoploss
lodha a fine developer in mumbai and chennai...huge demand in sea facing flats or properties..
reality index breakout 600 level of 2009; lodha at all time high...
it will be a next multibagger...
Strong breakout of resistance area
Now price resting on resistance level
Other stocks in this sector are also performing well
Took 40% position
Will add more as it unfolds
This is a short term - Medium term bet
After a very good uprally from it's demand zone, lodha has yet again came at a very good support of Fibonacci so a good upside can be expected.
Good for very short term
NSE:LODHA
One Can Enter Now ! Or Wait for Retest of the Trendline (BO).
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose!
NSE:LODHA
One Can Enter Now ! Or Wait for Retest of the Trendline (BO).
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose!
i have drawn perious waves, to understand how the stock moved.
plus the rectangle figure is the range for the breakouts.
i have even put the moving averages for your analysis .
(red one- 50MA, blue one - 100MA).
