Technical Analysis of GODREJIND & SPARC 1. Stock name: Godrej Industries Ltd. Pattern: Cup and handle pattern Time frame: Weekly Observation: The general trend of the stock has been in an upward direction. However, the stock underwent consolidation, forming a cup and handle pattern on its weekly cha...
Rights Issue In our quest to understand the corporate actions of the company, our caravan has moved to rights issue, so today lets deep dive in understanding what rights issue is, how it works, and what is rights renunciation? What is a Right Issue? A Right Issue is a corporate action where a compan...
Technical Analysis of CLEAN & VOLTAS 1. Stock name: Clean Science and Technology Ltd. Pattern: Double bottom pattern Time frame: Weekly Observation: Since January 2022, the stock has been on a downward trend. Between December 2022 and December 2023, it stabilized, forming a double bottom pattern on ...
Technical Analysis of WELCORP & BANDHANBNK 1. Stock name: Welspun Corp Ltd. Pattern: Rounding bottom pattern Time frame: Monthly Observation: Since 2008, the stock experienced a decline, reaching its lowest point of the downward trend around the year 2013. From there onwards the stock moved in a sid...
Technical Analysis of SUZLON & CASTROLIND 1. Stock name: Suzlon Energy Ltd. Pattern: Rounding bottom pattern and retest Time frame: Monthly Observation: After hitting its ATH in 2008, the stock experienced a sharp decline but began recovering in 2023, now reaching levels last seen in October 2011. T...