Quess Corp Ltd | 75% returns | 6 year resistance broken
QUESS CORP LIMITED
Monthly time frame
Stock in uptrend since March 2023
Stock has broken out of the 6-year resistance trend line
Stock is following a rounded bottom pattern
Stock riding above 20- & 50-month moving averages
20MMA about to cross 50MMA
RSI > 60
MACD bullish crossover in place
Weekly time frame
Breakout and retest of the trend line resistance confirmed
Stock is following a rounded bottom pattern
Stock riding above 20-, 50- & 200-week moving averages
20WMA has just crossed 50WMA
Stock is approaching the golden crossover as well
RSI > 60
MACD signaling beginning of bullish momentum
Volumes are very encouraging for Jul and Aug 2024
Daily time frame
Stock possibly in the process of making a higher low
Stock is in the yellow channel of upward consolidation
Stock riding above 20-, 50- & 200-week moving averages
RSI > 50 which is still considered the bull zone
Conclusion
Entry: 680
Stop Loss: 630
Target 1: 850
Target 2: 1,000
Target 3: 1,200
Monthly time frame
Stock in uptrend since March 2023
Stock has broken out of the 6-year resistance trend line
Stock is following a rounded bottom pattern
Stock riding above 20- & 50-month moving averages
20MMA about to cross 50MMA
RSI > 60
MACD bullish crossover in place
Weekly time frame
Breakout and retest of the trend line resistance confirmed
Stock is following a rounded bottom pattern
Stock riding above 20-, 50- & 200-week moving averages
20WMA has just crossed 50WMA
Stock is approaching the golden crossover as well
RSI > 60
MACD signaling beginning of bullish momentum
Volumes are very encouraging for Jul and Aug 2024
Daily time frame
Stock possibly in the process of making a higher low
Stock is in the yellow channel of upward consolidation
Stock riding above 20-, 50- & 200-week moving averages
RSI > 50 which is still considered the bull zone
Conclusion
Entry: 680
Stop Loss: 630
Target 1: 850
Target 2: 1,000
Target 3: 1,200
Trade active
Trade is activeNote
Short term players can book (partially book) their profits as we have reached the 1st target of 850.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.