Technical Analysis Case Study: multibagger stock poised for a bullish run, company reported 500 per cent profit growth!
Technical Analysis Case Study: multibagger stock poised for a bullish run, company reported 500 per cent profit growth!

Technical Analysis Case Study: multibagger stock poised for a bullish run, company reported 500 per cent profit growth!

It is a Mid-cap stock with market capitalization of Rs 1,543 crore. Company is almost debt free and maintaining a healthy dividend payout of 51.0 per cent.

Prajwal Wakhare Article rating: 4.6

In this technical analysis case study, we will explore a potential breakout opportunity in a stock named Onward Technologies Limited that exhibits a Darvas Box pattern, strong bullish momentum, and an overall Higher High-Higher Low (HH-HL) formation. The stock is trading at all-time high (ATH) levels, has experienced a successful bounce from the support zone, and displays a price-volume breakout on Thursday’s trading session. The analysis suggests another bullish run after breakout, the immediate support level is Rs 650.

This insurance company is experiencing a rounding bottom pattern; should you invest?
This insurance company is experiencing a rounding bottom pattern; should you invest?

This insurance company is experiencing a rounding bottom pattern; should you invest?

Are you looking for stocks experiencing a buillish trend reversal? Check out this article.

Henil Shah Article rating: 4.5

General Insurance Corporation of India, which is in the reinsurance business, is exhibiting a bullish trend-reversal chart pattern. Should you make an investment? Let's find out.

Top two trading set-ups to watch out for Wednesday
Top two trading set-ups to watch out for Wednesday

Top two trading set-ups to watch out for Wednesday

The stock is inside the leading quadrant of the RRG when benchmarked against the broader NIFTY500 Index.

Karan Dsij Article rating: 3.8

However, when subjected to pattern analysis, it is seen breaking out from a falling trend line resistance which is bullish. The OBV (On Balance Volume) is already at a high before the actual price breakout.

 

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