Intellect Design Arena - Change in trend

Intellect Design Arena (INTELLECT)

Short Analysis-

The stock has been correcting since last about 10 months. The quantum of the fall is about 65% from its top. The stock has good support near level of 97-110. This support was created when the stock had given a breakout in July 2015.

In Aug 17 the stock reached back to the same level of around 97-100. You can see the trend line marked on daily and weekly chart. This trend line was acting as resistance and was not allowing the stock to move beyond. During the week ended 15 Sep 17 the stock broken out this resistance. That was first symptom that the stock can change its trend from down to up. During last week (Ended on 3 Nov 17) you can see increase in volumes and bullish candles formation on chart.

Expect the stock to continue this uptrend. 

Daily Time Frame

Weekly Time Frame

Ramky Infrastructure - 75.6% in 7 months and counting

On March 23 we had identified this stock. The stock, at that time was trading at 106. The breakout so identified took the stock to 186. While writing this article the stock is about to reach its next resistance. 

Happy Investing

I have reproduced the same article below-

Ramky Infrastrucure - Potential to double from current level

Ramky Infrastructure -

The stock has been trading in range for long period of 5 years. Stock has tried to break out of strong resistance near 89 in July 14 and July 16 but could not succeed. In the process the stock has formed pattern known as Rounding Bottom. A breakout of rounding bottom can give good targets.

You can see on the monthly chart below the stock has moved up with good volumes and currently trading near 106. This move has come up with huge volumes. The stock can double from current level in an year or so.