On monthly charts, stock has created inverted head and Shoulder pattern. Stock is consolidating near multiyear resistance and its all-time-high. short term target can be 260. If it sustains above 265, stock can show massive rally towards 450-500. But it will take time. Still, its good entry point if you can hold it for next 3 years. Disclaimer : this is not stock...
UTIAMC has completed rounding bottom on weekly chart. currently in supply zone. If the stock sustains above 1220, a good move towards 1500 is expected.
Alkem has shown proper signs of good upside move. Stock has broken above its consolidation of 6 months and ready to continue with its upside movement. Expected move is about 20% above 5600. Strict Sl at 5580-5600. (Disclaimer: Stock Analysis is purely for educational purposes. it is not and investment or trading advise.)
We looked at Divis lab earlier when it was at crucial levels(link below). here is an update on charts: 1. Stock gave falls breakdown intraday and reversed taking support at a trendline at lower levels. 2. Supply side at higher levels still intact. 3. Stock may consolidate for while. Especially because there are many short positions visible on option chain on...
Divis lab at crucial levels. After Breakout, it has formed double top and has broken below imp levels. If breaks below 4600, 4400 is quite possible. below that 4000-3800 visible on chart.