BILit has broken a trendline but currently as a good demand zone. However losing that can take prices to 5.5
again another counter to buy at two entries.
smaller time frames below 1hr shows bullish divergences
KVALlooks a good setup. two entries a preffered CMP one, and one at GP in case prices crashes below.
positives - near GP, falling wedge broke out and retest, Bullish divergence
Negatives - below 200dma
ELPsimple chart.. Weak bullish divergence on a descending triangle.
there is a trade here. HOWEVER STRICT STOP LOSST TO BE APPLIED
SL - 74.5
Tokyo xSeems like bulls are winning this one. Prices are trading well above STMA. Note that 42-46 is a heavy resistance zone.
Weak bearish divergence can be noted in the RSI
TPL after a long consolidation while making a falling wedge its time for TPL to breakout big following a falling wedge.
GP shows the best exit point given the dividend amount.
AELGot supported at marked zone while making a hidden bullish divergence.
Short term fib target 15.8
mid term 21
zoom out to see more details
LHCLLHCL seems in a better position for traders with the latest spec rally with a stop at 104.
breaking 116.50 will give more momentum to the counter.
RSI shows early signs!
SAMPseems 49 is a good support area for SAMP, currently being supported by dma50. However better to keep a stoploss at 48 incase of possible descending triangle in making.
bulls keep an eye at RSI, breaking out that trendline might give and early signla
RCL considering the last spike. RCL went up and got rejected at a Fib level 35.2 and came down rapidly following xD. Now it has made Hidden bullish divergence and making recovery Demand zone. Heavy resistance can be expected between 30.5-31 range
LOFCI dont like what i see, a Massive descending triangle. so far best entry will be at 5.5 with a strict stoploss right below it. and second best entry will be ranging trendline support whcih gives a support at 5.0.
ACL.N - ACL CABLES PLCDisclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in this stock.
The stock is trading at the resistance zone 82.00-84.00 and trying to break it above. There is a supporting trend line (marked with the dotted line) which is also acting as near-term support.
The share is showing bullish behaviour. It is not beaten down because of the weak movements of the market.
The MAs are also looking fine and aligned correctly.
LIOC.N - LANKA IOC PLCDisclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in this stock.
22-03-2023
Downtrend 20 MA crossed the 50 MA showing a downtrend.
23-03-2023
Price broke down the support level which was previously created with a double bottom pattern.
28-03-2023
Double bottom support failed and share price dipped further down towards the Crucial Support 156.00 - 162.50 Golden Pocket.
29-03-2023
The share price bounced back from the golden pocket support.
31-03-2023
The previous double bottom support is now acting as a resistance 172.00 - 179.25. Share price was trying to make a breakthrough from the resistance.
SPEN has broken down from a trendline now on 200DMA support. nothing confirmative yet.. but volumes slowly coming in !
BOGA.N - BOGALA GRAPHITE LANKA PLCDisclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in this stock.
Share price closed above the support 60.00-62.00 with 3.34% gain on price. If the overall market keeps positive this area will be acting as a good support zone .
Breaking resistance zone 68.00-70.00 is very important. Breaking this zone with huge volume will open the path towards 80.00
The U shape and the dotted trend line can be considered as a cup and handle . But it is not the prefect resemblance of CnH .
AAICslowly coming to demand zone, check how RSI has been supported on trendline. However know the high volatility of the counter and play it wise
RSI is about to make bullish divergence if prices go below 82
DPLanother broken down descending triangle. and overhanging 200dma. GP levels might come hand to make an swing trade.
KAHAHas almost beaten down to ground, but RSI slightly showing strength, keep an eye on volumes. There is clear bullish divergence on 1 and 2 hr charts and on 4hrly very tiny one. Know that counter is illiquid as well
FCTAnother counter in a symmetrical triangle, Recent retrace 100DMA has supported the price and made recover.
Keep and eye at green RSI trendline. Breaking above it may give an early signal of breakout!
LMFanother simple chart. Prices have slowly come above MAs means bullish in short term while consolidating in a symmetrical tirangle. can expect a move soon. Take positions in portion or Stop at 120
COOPsCoops is consolidating within a symmetrical triangle, with RSI has broken the trendline (green) and retested, going towards the higher trendline.(yellow).
Prices have found a great support near fib level 0.232(3.2) before the bounce. Overall it is seem to be on a bullish trajectory. Breaking the upper trendline of price,
will likely confirm that.
