Technical Analysis of ASIANPAINT & KIMS 1. Stock name: Asian Paints Ltd. Pattern: Support breakdown Time frame: Weekly Observation: The stock has been trading within a parallel channel since May 2021. It has seen a sharp downward movement in September 2024. In November 2024, it experienced a signifi...
Defence Sector Stocks - Cochin Shipyard and Bharat Dynamics Both Cochin Shipyard Limited (CSL) and Bharat Dynamics Limited (BDL) have shown remarkable price action over the past year, reflecting the strong momentum in India's defence sector. Let's analyze their technical patterns using Price Action ...
Technical Analysis of CDSL and DATAPATTNS Stock name: Central Depository Services (India) Ltd. Pattern: Resistance breakout Time frame: Daily Observation: The stock reached its previous high on August 23, 2024, and has since been consolidating, forming a resistance level on its daily chart. Despite ...
Technical Analysis of LAURUSLABS and MAHABANK Stock name: Laurus Labs Ltd. Pattern: Parallel channel and breakout Time frame: Daily Observation: In our 10 October 2024 blog (link for reference), we highlighted a stock trading within a parallel channel for an extended period. Around 08 October 2024, ...
Technical Analysis of RHIM and VTL Stock name: RHI MAGNESITA INDIA Ltd. Pattern: Support and reversal Time frame: Daily Observation: The stock experienced a downward movement from December 2023 to March 2024, forming a support level on the daily chart. After consolidating since July 2024, it briefly...