Drbukkabwoi
CIND - waterworks
As mentioned in above chart, Cind is being rejected at marked level. But it made to breakout from a flag pattern with a considerable volume.
However, Keep an eye at given resistance zone. It could still make a bearish divergence if price appreciate abruptly.
Counter in Midterm looks much bullish, since its trading above most of SMAs 25>200
Green line is a safer entry point.
LOFC While moving below all SMA, LOFC seems having good volumes coming in at current levels.
trendline supports can be seen in 5.3 and 5.0 respectively. However given the nature of the counter, below 5.0 should be the
immediate stoploss for traders who takes positions at above levels.
RSI shows about to breakout its trendline
PS - go through the chart thoroughly, i have added much information in it.
RCL - Boss of tiles RCL has broken from its falling wedge trendline (following an exaggerated divergence) and is now consolidating above SMA50,
while retesting the broken trendline.
Prices can come down up to 28.3 levels until it makes the next HH, breaking 31.3 (latest High).
Keep an eye of long consolidation of the counter, RSI trendline breakout will likley to take the prices to next stage.
ASI 3/5/23ASI has beautifully rejected the rising wedge and managed to close above it, while forming a inverted HNS pattern.
RSI has also broken the bearish divergence trendline and closed above it.
Next Major resistance will be at 9600, and if prices come down, 9400-9350 (trendline resistance become support) will work as a support.
Surprise rate hike of 100bps may not be as bearish as many think!
EXPO - being shipwrecked?EXPO once a major index moving counter has lost a major support (170) is heading towards its next support levels (yellow fib lines)
i have used multiple fib charts to get a more accurate setup. golden pocket can be seen around 149-152 range where more buyers will rally to buy.
RSI seemed to have retested and crashed before price action came in.
LOL SeeCounter everyone laughing up on and beaten down is now trying to find support around 380-400 zone. Prices are below moving average ribbon, being consolidated within a symmetrical triangle. If the given trendline resistance broken, counter might complete an inverse HNS pattern, and likely to break up!