Golden_Spur

Golden_Spur Updated 

Fundamentally company is growing as it is producing chemicals used in ammo manufacturing of POFs; besides it is Commercial Selling front-end of POFs products. Backing by Min of Defence Production is another plus; therefore, no shortage of Cash Flow (despite what their Financial Statement says). On going war in Europ is very beneficial for this company as it has...

Golden_Spur Updated 

On daily TF, GGL is following the bullish parallel channel. Price is almost at the bottom support of the channel with 45% Fib retracement. Therefore, one can enter the trade at this time. Trade Values: Buy1: 13.95 (Current Market Price) Buy2: 13.55 SL: 13.50 TP-1: 18.27 TP-2: 19.95

Golden_Spur

RPL is following Bat Pattern. If it continues to follow it (91% chances) then it is going to test 15.80 first and then will test 15.00 and then 13.20 and eventually 10.75 . And if it does not then it will bounce back from Orange line which is weekly support line.

Golden_Spur

On daily TF, MARI has defined a Higher High and has came down to define a Higher Low. Currently almost 52% Fib retracement (Rs 655) has done. Price may even further drop to Fib 61.80% (Rs 610). Now, this is the golden pocket (50~61.80%) retracement zone, where most financial institutions prefer to enter. Trade Values Buy-1 (CMP) : 660 BUY-2: 635 SL: 550 TP-1:...

Golden_Spur Updated 

MARI is in bull run as ever. RSI and KVO also suggesting strong buying. Fundamentally very strong and now showing its true potential. New entrants may buy now or wait for the dip expected shortly but that would be very brief. Trade Values Buy : 558 SL: 429 TP-1: 604 TP-2: 731 TP-3: 797

Golden_Spur

On Daily time frame, PREMA after making sharp gains has retraced to more than 60% becoming very attractive for Buyers. KVO has also started to change its direction upwards indication a shift of momentum coming up. On RSI, there is a Hidden Bullish Divergence in the making which indicates a very sharp up trend coming up. Therefore, buying immediately at market...

Golden_Spur Updated 

Citi Pharma is in bull run for almost past 9 months. On Monthly TF, Cup has been formed but Handle is yet to be made. See picture pasted on the chart. For that price must retrace a bit to Fib 0.23 to 0.38. In that case Entry will be at retrace and TP will be equal to depth of the cup. On the other hand if price does not retrace then entry should be sufficiently...

Golden_Spur

The SCRIPT has recovered from the impact of the share selling by its Director and now showing bullish trend. RSI is indicating bulls control after retrace. KVO also suggests Buyers in control taking prices up. AB=CD pattern has been drawn to identify the TP. Trade Values Buy-1: 177.69 (If dips) Buy-2: 210 (on crossing previous HH) Buy-3 (Mkt): 192 (risky as it...

Golden_Spur

On daily TF, Price is in sideways for the past few days. A sharp move can be expected if it breaks resistance of 8.90. Historically price has been moving up by making Elliott Impulse Waves. Therefore, price may either follow the pattern and price may go down after testing the TP-1. Or may continue going up in the drawn parallel channel to test TP-2. Trade...

Golden_Spur

On Monthly TF, two harmonic patterns have been drawn. Gartley (94% complying) and Butterfly (88% complying). In this bull run prices are moving way to fast. And due to market sentiments Bulls are in control. In normal bull run Gartley pattern will be complied before price drops but chances are that price will make new All Time High and follow Butterfly. RSI is...

Golden_Spur Updated 

BFBIO being a recently listed SCRIPT, limited data is available on Daily TF, therefore, this analysis is being done on 15 min time frame. After a strong bull run the price has retraced to Fib level of 53 % (186) before going a little bit up (at the time of this analysis price is 189). 60% Fib retracement level is quite possible as RSI divergence on 1h TF is about...

Golden_Spur Updated 

On Monthly TF, Cypher Harmonic Pattern has been drawn. Although, point C has not extended till minimum text book requirement of 1.172 but anyway in real world some exceptions can be taken when no other pattern is matching. Point D has been drawn to arrive to the TP from where a reversal is expected. EMA 21 is below the candles indicating a Bull run. On Daily...

Golden_Spur

On monthly TF, Butterfly Harmonic pattern has been drawn. Technically correct entry should be after crossing the resistance zone. RSI is at 58 level which shows ample of room for price to go up. EMA-21 line is also below the price candles. Bollinger Band also suggest that bull run is on. SWING Trade Value: Buy : 23 TP-1: 47 (expected in April 2025) TP-2: 68 ...

Golden_Spur Updated 

Technical Analysis: On Daily TF, price is well above EMA 89 and just above EMA 21. It indicates bull run and ideal time for Buy entry. Parallel channel has also been drawn and price has taken a support from lower line of channel as well. It may not slip any further and may go upwards from here onwards. HOWEVER, Klinger Oscillator, on the other hand, has dipped...

Golden_Spur

GLAXO on Daily TF is moving up in a parallel channel, and presently at the support of channel. RSI has a bearish divergence present. Moreover, since 28 Oct 2024, KVO was in a bullish state but today on 09 Dec 2024 it has changed to bearish as it has dipped below zero level indication a likely retracement. Fib retracement up till 38.20% will be very good to define...

Golden_Spur Updated 

HINO is in bull run since 26 Nov 2024. On daily TF, RSI does not show any sign of divergence and KVO is almost vertical suggesting a strong bull run. However, RSI is almost at 85 and at any time trend may retrace to define a proper Higher High. Resistance Zone 481~530 is critical. Then another resistance line at 700 is present. On weekly time frame, Crab...

Golden_Spur Updated 

On Daily TF, trend is following Harmonic Bearish Reversal Crab Pattern. Point D defines the TP here which is a potential reversal zone. For education purpose, this is Crab not Butterfly because Butterfly Pattern has B point at much higher level at 0.786 with Point D at much lower level of 1.27 level. RSI is around 80 and seeing the resistance zone (53.93~54.63)...

Golden_Spur

Treet on Daily TF is continuously making Pole & Flag patterns. Right now, there is a Bearish Divergence present on RSI indicating prices will drop. By comparing previous FIB retracement, it is likely to re-trace up till Fib 0.50. Therefore, my trade values are:- Trade Value: Buy : 17.92 TP: 21.68 SL: 15.70