WEEKLY MOVING AVERAGE GREEN LINE IS 200 WEEKS MOVING AVERAGE OF CLOSE BLUE LINE IS 200 WEEKS MOVING AVERAGE OF LOW RED LINE IS 100 WEEKS MOVING AVERAGE OF CLOSE CONDITION: GREEN LINE SHOULD BE ABOVE RED LINE AND PRICE SHOULD BE ABOVE GREEN LINE BUY ONCE THE PRICE IS ABOVE GREEN LINE AND FULFILLS THE CONDITION. TARGET 1 FOR TIME FRAME 1 YEAR= 2 X GREEN LINE...
The stock is currently trading within a Bullish BAT and a Bullish Butterfly Pattern. Excellent confluence levels of both the patterns in marked PRZ. Awaiting for price to come within the zone and then on basis of price action, we can get a lovely long trade.
FOR THE LAST TWO MONTHS THE SHARE PRICE IS MOVING IN THE RANGE, 108 - 120. WITH THE PROFITS OF RS. 64 CRORES AND RS 9 EPS, THE SHARE PRICE SHALL CROSS RS 120. US OPERATIONS SEEMS TO BE PAYING OFF. PROMOTER PLEDGED SHARES HAVE BEEN REDUCED. LONG TERM TARGET OF 180 IS FORESEEN.
Sell 95-96, Trgt 90-89, kee SL of 2 points. Down-trending stock. Selling at resistance.
expecting a large move once we break out of this flag.... Keep a watch
Scrip has been in ascending triangle pattern validated with 2 reactions lows and highs over time duration of around 2 months If bullish momentum is maintained and the pattern doesnt get falsified as earlier seen for falling wedge, Breakout with higher volume surge can be seen to reach the target price and one can aim first for short term towards 52-week high...
At Rs 134, this scrip has broken its trendline upwards with good volumes today. 20D EMA has also crossed 50D EMA signifying bullish path more to go. Resistance is at Rs 180~187 or so. Buy and book profits on every rise at Rs 150, 165, 180~187 and keep some in your portfolio. Stoploss maybe kept at Rs 121.