SAMPseems 49 is a good support area for SAMP, currently being supported by dma50. However better to keep a stoploss at 48 incase of possible descending triangle in making.
bulls keep an eye at RSI, breaking out that trendline might give and early signla
RCL considering the last spike. RCL went up and got rejected at a Fib level 35.2 and came down rapidly following xD. Now it has made Hidden bullish divergence and making recovery Demand zone. Heavy resistance can be expected between 30.5-31 range
Long
LOFCI dont like what i see, a Massive descending triangle. so far best entry will be at 5.5 with a strict stoploss right below it. and second best entry will be ranging trendline support whcih gives a support at 5.0.
ACL.N - ACL CABLES PLCDisclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in this stock.
The stock is trading at the resistance zone 82.00-84.00 and trying to break it above. There is a supporting trend line (marked with the dotted line) which is also acting as near-term support.
The share is showing bullish behaviour. It is not beaten down because of the weak movements of the market.
The MAs are also looking fine and aligned correctly.
LIOC.N - LANKA IOC PLCDisclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in this stock.
22-03-2023
Downtrend 20 MA crossed the 50 MA showing a downtrend.
23-03-2023
Price broke down the support level which was previously created with a double bottom pattern.
28-03-2023
Double bottom support failed and share price dipped further down towards the Crucial Support 156.00 - 162.50 Golden Pocket.
29-03-2023
The share price bounced back from the golden pocket support.
31-03-2023
The previous double bottom support is now acting as a resistance 172.00 - 179.25. Share price was trying to make a breakthrough from the resistance.
SPEN has broken down from a trendline now on 200DMA support. nothing confirmative yet.. but volumes slowly coming in !
BOGA.N - BOGALA GRAPHITE LANKA PLCDisclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in this stock.
Share price closed above the support 60.00-62.00 with 3.34% gain on price. If the overall market keeps positive this area will be acting as a good support zone .
Breaking resistance zone 68.00-70.00 is very important. Breaking this zone with huge volume will open the path towards 80.00
The U shape and the dotted trend line can be considered as a cup and handle . But it is not the prefect resemblance of CnH .
AAICslowly coming to demand zone, check how RSI has been supported on trendline. However know the high volatility of the counter and play it wise
RSI is about to make bullish divergence if prices go below 82
Long
DPLanother broken down descending triangle. and overhanging 200dma. GP levels might come hand to make an swing trade.
KAHAHas almost beaten down to ground, but RSI slightly showing strength, keep an eye on volumes. There is clear bullish divergence on 1 and 2 hr charts and on 4hrly very tiny one. Know that counter is illiquid as well
Long
FCTAnother counter in a symmetrical triangle, Recent retrace 100DMA has supported the price and made recover.
Keep and eye at green RSI trendline. Breaking above it may give an early signal of breakout!
Long
LMFanother simple chart. Prices have slowly come above MAs means bullish in short term while consolidating in a symmetrical tirangle. can expect a move soon. Take positions in portion or Stop at 120
Long
COOPsCoops is consolidating within a symmetrical triangle, with RSI has broken the trendline (green) and retested, going towards the higher trendline.(yellow).
Prices have found a great support near fib level 0.232(3.2) before the bounce. Overall it is seem to be on a bullish trajectory. Breaking the upper trendline of price,
will likely confirm that.
Long
Long
Long
REXPshowing Clear 4hrly bullish divergence, while sitting on a support level. prices seems to make a falling wedge as well
Long
LLUBas expected it has broken down the trendline and currently looking bearish. if anyone to enter consider DCA methods. however smaller time frames shows slight bullish divergences (1hr) RSI has broken retested and crashed. GP looks a really good entry point for investors. Currently counter is trading below 200dma.
BOGA.N - BOGALA GRAPHITE LANKA PLCDisclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in this stock.
Share price closed above the support 60.00-62.00 with 3.34% gain on price. If the overall market keeps positive this area will be acting as a good support zone.
Breaking resistance zone 68.00-70.00 is very important. Breaking this zone with huge volume will open the path towards 80.00
The U shape and the dotted trend line can be considered as a cup and handle. But it is not the prefect resemblance of CnH.
MELSseems like Mels is in for a cup of tea!
Currently forming its handle after being corrected making a bearish divergence at recently high
entries can get after a breakout or in DCA system.
STOP loss - 50.5
Long
EXPO another index dragger right here.!
counter was beaten down so hard and RSI has come to 21 (oversold ++) levels, while making Bullish divergence below 4hrs time frame. However clean close above 132 tomorrow is a must for counter to go back in the broken trendline to consider it being a Fakeout. Good collection and volumes were noted today at 130 levels.
4hrly chart also shows a falling wedge being made.!
ELong
KVAL 02042023Counter looks to have bounced back. RSI bounced back and retested and moving towards resistance. Important to monitor the RSI resistance.
EDEN.N - EDEN HOTEL LANKA PLCDisclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in this stock.
The price has broken the long resistance trend line and is maintaining above it.
Also, it has created a descending wedge which is a bullish signal.
03-03-2023
EDEN was testing the support 17.50-17.80 area and created a bearish engulfing candle. RSI values cooled down a bit but. MACD is still sowing positive signs while the MA 20/50 shows signs to cross.
07-03-2023
The stock price kept dipping for the second day while validating the previous close engulfing candle. It broke the support from 17.50 to 17.80 (which was a weak support) and closed above the MA 50. The price closed at 17.00 Rs, the upper limit of the strong support area. (16.00 to 17.00)
08-03-2023
EDEN came down and closed within the support 17.50-17.80 range. If this support doesn't hold 16.00 to 17.00 support will be the solid area for rest.
Even though the price came down RSI and MACD was not showing negative sentiment.
17-03-2023
Share price kept gradually coming down to a strong support zone. There is some positivity cos' 20 MA has crossed the 50 MA.
24-03-2023
Share price moved sharply towards the resistance area of 18.00-18.50 and closed in the range.
Both MACD and RSI are showing bullish signs.
28-03-2023
Share price dipped further towards the support zone, but there was still interest to collect the share.
