thepranam

thepranam Updated 

Looking good for next leg up Successful retest of swing low Looks good till 550 and above

thepranam Updated 

MACD Cross is in play. If it succeeds, stock can go to its next leg up with good volume. Keep an eye on stock for the coming weeks.

thepranam Updated 

Price has retested successfully at long time gap zone and has bounced multiple times at same point. Stock is also making a parabolic formation since start of 2024. Also near 52W High. Also the following could take the stock to new highs in the coming weeks. Q4 CONS NET PROFIT 243M RUPEES VS 109M (YOY) EBITDA 1.35B RUPEES VS 1.13B (YOY)

thepranam Updated 

Weekly closing above 119 is a good sign for upward momentum. Stock is also following trendline. Support @ 119 is holding good for this week. Expect stock to go up to next S/R zone at least. MACD looking good for a good move upward too.

thepranam Updated 

Price Action forming Higher Low Pattern. MACD Cross also forming Higher Low Pattern. Stock seems to be following Trendline. Currently also @ crucial Supply/Demand zone. Weekly closing above 500 levels with good volume can take the Price to new Higher High Levels. NOTE: Only negative for now is CTO and Chief HR has resigned very recently.

thepranam Updated 

Higher High and Higher Low Formation. Fundamentals looks good with recent expansion into region. Coming weeks target 400. RUSHIL DECOR: CO STRENGTHENS GLOBAL FOOTPRINT WITH EXPANSION INTO SOUTH AMERICAN MARKET CO’S STRATEGIC EXPANSION IS PART OF ITS BROADER VISION TO ACHIEVE ANNUAL REVENUES OF RUPEES 2500 CRORES BY 2029 CO MCAP: 800CR RUPEES

thepranam Updated 

2807 Support level seems to be playing well since 3 years now. MACD also making cross exactly at current support zone. Stock currently looks good at this point. Weekly closes above 2807 level should look for a move upward.

thepranam

Stock has been under consolidation since 6 months. MACD Cross seems to be in play. But has tried crossing since 3 months now. Lets wait for the MACD Cross to happen successfully and the consolidation could complete around same time. Stock has been having multiple good Earnings. This should definitely take it to new highs. Keep a close eye.

thepranam

MACD is going to cross pretty soon in the coming days. Once Cross is done, should open new entry levels for next leg up. Good chance the stock can easily retouch its Swing High. Try to take entries only after MACD Cross completes successfully. Stock's fundamentals looks promising too.

thepranam

MACD Cross is in play. Volume has increased a lot this week. 1Y Beta is @ 1.78, which is very good for this stock. This week could be your Entry week if stock retest levels mentioned on chart. Good change it might too. Overall looks good till Swing High.

thepranam

Stock has completed its Lower Lows Pattern last Jan 2023. New Higher High and Higher Low Pattern has been in formation ever since the last Swing Low. MACD Cross has also been happen with a Higher High Pattern. Lets hope the recent MACD Cross takes this stock to its next leg up. Stock is also slowly gaining some decent volume. Note: Patience is Key here as the...

thepranam Updated 

Price action has recently shown a good change from Lower High Lower Low to starting with Higher High to Higher Lows. MACD has successfully made a cross on the Monthly charts too indicating a good momentum upward. Weekly MACD cross looks healthy too. Marubozu candle on 1st week of April indicates a good move too. Stock exactly trading above recent Marubozu candle...

thepranam

While Price Action has changed course with the previous MACD Cross. Let's hope the new MACD cross can also take the price to the next leg up. Price is also currently its Support/Resistance zone. Let's see how things playout. Another point to note: Recent Q4 earnings have reported decent profits too.

thepranam Updated 

Q4 CONS NET PROFIT 1.2B RUPEES VS 410M (YOY). Q4 EBITDA 1.72B RUPEES VS 752M (YOY) || Q4 EBITDA MARGIN 27.89% VS 14.17% (YOY). In addition, MACD Cross is also playing out. Once MACD Cross is completed, expect 20% up from here.

thepranam

Stock is currently trading above its weekly support zone. Price Action making Higher High and Higher Low Pattern. MACD also forming Higher High and Higher Low Pattern. Stock looks ready for its next leg up.

thepranam

Stock is forming a new Higher High Higher Low Pattern. MACD Cross also supports this new pattern. Stock can see hitting 52W High again in the coming weeks.

thepranam

Cup and Handle Pattern. Stock is in breakout from multiyear Support/Resistance zone. Currently trading near 52W High too. If all goes well, can touch 2500 levels in the coming week. 1800 levels will invalidate setup.

thepranam

Previous Gap Filled Successfully. Lower Low and Lower High Pattern completed and new Highs forming. Stock has retested its all time low successfully and currently near 52W High levels. MACD also going upward continuously. As long as weekly close is maintained above 470 levels, expect to see some movement in the upward direction in the coming weeks.