Gocolors sets the stage for a bullish swing, with a stoploss at 1220 and a target of 1435. Traders anticipate upward movement in the stock's trajectory
As a technical analyst, I've been closely monitoring the stock price of GOCOLORS, and I've identified a potential opportunity to go long or short. In this blog post, I'll provide an overview of the analysis and my recommendations.
The Weekly Chart
The weekly chart of GOCOLORS shows a strong straight line that has not been broken, despite the fact that the...
Descending wedge kind of a pattern is witnessing in GOCOLORS
960 below sustain then pattern would fail.. or else need to sustain above 1026 for bulls
Please follow strict risk reward and stop loss if you follow my level
Thanks,
V Trade Point
Annual revenue growth of 50% is outstanding, Pre-tax margin of 12% is healthy, ROE of 8% is fair but needs improvement.
The company is debt free
Broke and back to IPO high. Hence retrace done.
Also, very strong during last 15 days fall.
Daily has taken 9 and 21 EMA support
And, in daily the retrace was with fall in volume'
Weekly Elliott oscillator green and...
1 = Stock has broke important trendline
2 = given breakout on weekly time frame
3 = stock is above moving averages
4 = stock has good buying volumes
our analysis is for educational purposes only
