Chart Pattern Analysis
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Among the insurance sector, HDFC Life Insurance appears to be the least robust, failing to meet anticipated performance. The stock recently experienced a significant breakdown, breaching a crucial support level at 598 Rs on its price chart. This decline has rendered the stock considerably vulnerable, and there is a likelihood that it will persist in… Read more
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In my earlier blog entry, I explicitly pointed (alerted) out that Zee Ltd has reached a critical juncture on its price chart, teetering on the edge of a make-or-break scenario. The inability to surpass the 290 mark signaled a weakening stance of the bulls. Today, it took a significant hit, plummeting by 32%, underscoring the… Read more
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Prakash Steelage, a stock that I highlighted in the Premium Blog at a price of 7 while it was shaping the second half of the handle in a cup & handle pattern, has experienced a significant surge, reaching 12.8 and delivering an impressive profit return of 82% in a short period. If you’re interested in… Read more
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During our previous conversation about Gujarat Themis Biosyn, the stock was priced at approximately 817 (adjusted to 160 after the split), hovering just below its 52-week high. At that time, we identified a strategic entry point, slightly below the apparent breakout level, providing an advantageous opportunity. Presently, the stock has surged to 286 levels, resulting… Read more
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Since our discussion on this stock in April 2023 on our blog, its value has surged by an impressive 200%. This highlights the importance of concentrating on stocks experiencing multi-year breakouts, as they possess substantial potential when emerging from extended trading ranges. Previous Blog post: link Read more