thepranam

thepranam Updated 

Stock has been on Lower High Lower Low Pattern since mid 2021. New Higher High and Higher Low Pattern seems to be in play since May 2023. Could the stock be following the new Trendline and go further upward? If all is well, the stock could visit until the next Support/Resistance zone.

thepranam Updated 

A typical Convergence Divergence is in play here. Stock is also in a Long term Lower Low Pattern formation. Could this Convergence Divergence indicate a breakout from the Lower Low Trendline? Or is the price going to go down further? Give your comments in the Comments Section below:

thepranam Updated 

The price has been falling down ever since it hit it major resistance at 1028 back in Dec 23. It has been making new lows ever since. Although it can be noticed that the MACD has finally started to show some upward momentum ever since March 24. Could this Convergence Divergence indicate a good move upward? Lets find out.

thepranam

The stock had found a Resistance zone @ 602 during Aug 2021 and had started a Lower Low Pattern ever since. Eventually finding its Support Zone @ 360 during Mar 2023 after 1 Year and 7 Months. At this point notice that the Lower Low Pattern in the Price Action, however MACD slightly started showing a Higher Low formation. Hence the Convergence Divergence...

thepranam

Watch how the stock was on a continuous Lower Low Patter and formed a Lower Low Trendline. Simultaneously, there was also a formation of Convergence Divergence indicating an upward move. Stock also broke out of the trendline with a strong green candle. While the MACD Cross indicated a good entry after the Convergence Divergence, the breakout from the Trendline...

thepranam

Notice how the stock exactly revisited the most recent Swing High exactly after the Convergence Divergence. MACD Cross after the Convergence Divergence gave a good entry as it happened at a Higher High Higher Low Pattern indicating a good move upward. Eventually gave a 38% up move. Another MACD Cross is under play currently. Can it break the Resistance zone of...