Stock name: Maharashtra Seamless Ltd.
Pattern: Double bottom pattern and retest
Time frame: Daily
Observation:
The stock has been in a downtrend since January 2024 but formed a double bottom pattern on its daily chart from June to December 2024. In early December 2024, it registered a significant breakout with strong trading volume. Subsequently, the stock retested the breakout level and rebounded with good volume on January 1, 2025. According to technical analysis, if the rebound momentum continues, the stock may see further upward movement. It's advisable to look for additional confirmations, such as RSI levels and the MACD indicator.
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Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.
Stock name: Aegis Logistics Ltd.
Pattern: Cup and handle pattern
Time frame: Daily
Observation:
Since March 2024, the stock has been in an uptrend and formed a cup and handle pattern on its daily chart between June 2024 and January 2025. In early January 2025, it experienced a strong breakout from the pattern, accompanied by significant trading volume. According to technical analysis, the stock's current momentum suggests that it may see further upward movement. It's advisable to look for additional confirmations, such as RSI levels and the MACD indicator.
You may add this to your watch list to understand further price action.
Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.
