Potential reversal from lower support band of 115-120 possible? Started study business to understand fundamentals to decide whether to take position. Currently I do not have position in IEX.
Lower Band of 115-120 Should hold, Can be potential reversal from here? Technically looks good, I am studying fundamentals to take an investment call, I do not have position yet in IEX.
2015 TO 2021 - STOCK COULD NOT BREAK 500- 520 RANGE AND WAS ACTING AS A MAJOR RESISTANCE
THIS WEEK, STOCK BROKE THIS RANGE WITH ALL TIME HIGH VOLUME.
ANY ATTEMPT TO RE-TEST THIS RANGE SHOULD BE BUYING OPPORTUNITY FOR LONG TIME.
NOW THIS RANGE SHOULD ACT AS A MAJOR SUPPORT FOR THE STOCK AS IT HAS BEEN TESTED FOR 6 TIMES IN PAST ALREADY
KMC SPECIALITY HOSPITALS - FLAG PATTERN BREAKOUT IS EXPECTED
BREAKOUT WITH HIGH VOLUME AND NOW PULLBACK WITH LOW VOLUMES INDICATING BULLISH BIAS.
BUYING RANGE SHOULD 34 - 35
FLAG PATTERN BREAKOUT TARGET EXPECTED - 50 - 55
SL CAN BE PUT BELOW BREAKOUT RANGE - 26
Head and Shoulder pattern breakdown - Support range broken and no buying interest noticed.
Breakdown support range with huge red candle is scary.
Please ignore until it creates some solid base.
Downtrend can intensify if no institution interest is there.
GOLD on a weekly chart - 10 years High is at around 1900 level.
Base has been created and breakout can happen soon - Shown as a CUP in chart.
Gold is consolidating and moving towards $1800 level which can act as a good support and can be a buying opportunity.
When Inflation scenario is looking scary, GOLD is a HEDGE one should consider.
Coal India was facing resistance to clear 155-160 level.
Today It gave breakout with a very good volume.
Pattern here is formed was cup and handle.
Whenever stock gives range breakout with good volume it is likely to give a big move and target should be (Breakout price - CUP formation Low) which is (160 - 125) from the Break - out level.
So Estimated target can...
Good channel breakout with volumes and now at re-test level
If 105 is successfully re-tested then can go up further.
SL should be below swing low at 91-92 level.
At Critical juncture. 383 level to watch. Previous channel resistance will act as a support.
If 383 level holds then we can see pullback, else can break-down very fast.
Good breakout and re-test done. Good volume after rounding bottom breakout. Target should be Breakout level + (Distance Traveled for rounding bottom formation ) = 540 + 100 = 640 which is also IPO day High.
SL should be kept just below 540 DCB.
