ROY_001

ROY_001

NSE:SPLIL spl industries forming triangle pattern in weekly timeframe. if you can see weekly volume is almost a very low and after octomber volume is high three times. if break 52 week high then also some move expected. let's see what happend. Note: Never invest your money using this analysis. because i am also not invest my money.

ROY_001 Updated 

In irfc if you see octomber, november,and 10 days of december is consolidation month in volume after big rally happend in september. and fast forward to right now there is called vcp(volatile contract pattern) is clearly visible in chart and recently give breakout of trendline and vcp setup with good amount of volume so there is also buying coming. after that...

ROY_001

after listed this stock is continue making low and downtrend. it's 4 years of downtrend. and now created inverted head and shoulder in weekly timeframe. and also i think now it created a base so maybe move possible in coming months...this stock is not short term stock. and it's fundamentally not good stock. Note: never buying after my analysis do you own analysis.

ROY_001

There is simply vcp setup created so maybe some move coming in coming days. in previous also some vcp setup are visible. in chart also support 9 ema so short term move possible. Note:This is for learning purpose only never invest your hard earned money using this ides.