Technical Analysis of ECLERX and CERA Stock name: eClerx Services Ltd. Pattern: Cup and handle pattern and retest Time frame: Daily Observation: As noted in our 04 October 2024 blog (link for reference), the stock formed a cup and handle pattern on its daily chart and broke out in late September 202...
Technical Analysis of PEL and IPCALAB Stock name: Piramal Enterprises Ltd. Pattern: Double bottom pattern Time frame: Monthly Observation: The stock has been in a downtrend since October 2021. Between May 2022 and November 2024, it formed a double bottom pattern on the monthly chart. A breakout from...
Technical Analysis of QUESS and SWANENERGY Stock name: Quess Corp Ltd. Pattern: Support and reversal Time frame: Daily Observation: The stock formed an inverted head and shoulders pattern and registered a breakout in July 2024, followed by an upward move. However, influenced by overall market sentim...
Technical Analysis of PIIND and GICRE Stock name: PI Industries Ltd. Pattern: Double top pattern Time frame: Daily Observation: The stock has shown an overall upward trend but formed a double top pattern between July and November 2024 on its daily chart. A breakdown occurred between November 14-18, ...
Technical Analysis of ADANIGREEN and APOLLOTYRE Stock name: Adani Green Energy Ltd. Pattern: Island reversal Time frame: Daily Observation: The stock formed a gap-up in December 2023, followed by an upward movement before reversing its trend. On November 21, 2024, it registered a gap-down, creating ...