Chart Pattern Analysis
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Following its breakout from a range that persisted for approximately four and a half years, Lincoln Pharma experienced the anticipated upward momentum, surging to 692 and yielding a profit of nearly 80% from the discussed levels. Pervious Blog post: link Read more
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Anik Industries, exhibiting the ascending broadening wedge pattern, displayed a noteworthy sign of strength when it reached the 38 level. Subsequently, it has surged to the 60 level, translating to an impressive profit return of nearly 55%. This particular stock, identified at the 38 level, was spotlighted in my WhatsApp group (invite link). If you… Read more
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The cup and handle pattern is frequently regarded as a potential catalyst for significant market gains, as substantial price movements often follow its breakout. Lovable Lingerie is currently displaying indications of forming this pattern, with approximately half of the handle already in place. It would be prudent to monitor this situation closely. Read more
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Paytm, the parent company of One 97 Communications Ltd, witnessed a decline of more than 2% in its shares during Friday’s trading session, primarily due to a widespread sell-off in financial stocks. According to foreign brokerage CLSA, the recent decision by the Reserve Bank of India (RBI) to raise risk weights for unsecured retail loans,… Read more
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The life insurance industry has a huge scope, and we have not even touched 5% of that scope, according to BC Patnaik, a member (life) at the Insurance Regulatory and Development Authority. Most insurers are confident of more than double-digit growth, he said on the sidelines of the National Insurance Academy annual event held on… Read more