LIOC - Oil 3x
As expected LIOC broke out from the last update i have done over the weekend and got rejected on point at 206.75 as mentioned above! ^
And in smaller time framers it got retested untill 201.75 and closed at 204. Likely we will clear above resistance point tomorrow. and go towards the marked resistance
gradually.
RSI seems to be broken out as well.. overall counter looks lit!
PINSThe stock has been trading in a horizontal channel for almost 10 months while forming a bullish divergence on RSI, which suggests rising buying pressure. However, the price still faces strong resistance around Rs. 25 to 25.30 and needs to break out of this level to confirm an uptrend.
Disclaimer: 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.
EXPO | Be Patient!The stock is consolidating within the descending triangle pattern. Further observation is needed until a proper breakout to either side occurs.
If taking a trade at these levels to manage risk, the stop-loss can be placed below 169.50 or previous higher low of 170.25.
Disclaimer: 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.
BOGA | Inverted H&SThe stock has formed an inverted head and shoulders pattern. A potential breakout above the neckline and descending trendline could push the share price towards the Fibonacci retracement 0.786 level at Rs. 75.5. During such a move, some resistance around Fibonacci retracement 0.168 and 0.65 levels can be expected.
Disclaimer: 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.
PLRThe stock has formed a ascending triangle pattern. If the stock breaks out above the resistance range of 7.70 to 7.90, it could potentially reach the 9.10 level. However, if there is strong resistance, the stock may attempt to find support at the pattern's bottom around 7 levels.
Disclaimer: 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.
EDEN | Broken Inverted H&SThe stock has broken above the inverted head and shoulders pattern, which suggests a potential upward trend. Based on Fibonacci retracement levels and pattern target, it is possible that the stock may reach retracement level 0.382 at around 19 levels, or even Fib Retracement 0.5 at 20 levels.
Disclaimer: 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.
JETS | Ascending Triangle BreakoutThe stock has broken out of the ascending triangle pattern with above average volume. there is a possibility that it may retest 7.20 levels for support. Eventually it should reach Fibonacci retracement level of 0.236 to test gap resistance.
To manage risk, Stop-loss can go below 7.20 levels or previous higher low of 6.8.
Disclaimer: 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.
HHL | At ResistanceThe stock has progressed through an ascending price channel until it reached the descending trendline where it encountered resistance. If the price fails to break through the trendline, it may seek support at the bottom of the price channel.
Disclaimer: 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.
BIL | Taking a wait and see approach. Since the stock has invalidated the inverted head and shoulder pattern shared in my previous chart, it may be best to take a wait-and-see approach. A bullish scenario would involve the stock staying above the ascending trendline while the RSI remains above its descending trendline. However, if the price or RSI closes below both trendlines, it may indicate a bearish continuation of price movement.
Disclaimer: 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.
ACLThe stock has formed an Inverted Head and Shoulders pattern within a Descending Triangle. Traders could consider placing their stop loss at the previous higher low of 72. If the neckline around the 77 range is broken, it's possible that the stock may break out of the triangle pattern and move higher.
LWL | Inverted H&S ?The stock has broken above the descending trendline resistance, but has found resistance at 52.80 levels. It is possible that the stock is in the process of creating an inverted head and shoulders pattern. If that's the case, we may see the price finding support around the 10-day and 30-day moving averages around 50 levels. Eventually a breakout above the neckline at 52.80 levels will likely take the stock towards 58.5 levels.
LIOCSince the stock has not yet broken above its descending trendline resistance, it may be best to observe this counter for the time being.
Disclaimer: 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.
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.