Technicals Talk

Cup and handle pattern.

MER has performed exceptionally well, rising by almost 5% in yesterday’s trade.

URC already broke past its resistance, ending the trading day at 117.00.

AEV is currently on its 7th straight day of gains, rising to levels not seen since August 2023.

JFC traded in a wide range yesterday, from 263.20 low, to yesterday’s close at 273.80, the high of the day.

Cup and handle pattern.

Ascending triangle pattern.

BDO is on its 4th consecutive day of descent, with the MACD’s histograms expanding bearishly.

Shares have been falling for the past couple of weeks.

Uptrend Channel.

Recovering momentum on RSI and Stochastics.

The buying pressure of GTCAP does not seem to falter despite signs of being overbought as the stock reached another 52-wk high last week.

The uptrend for BLOOM still hasn’t faltered yet as the stock rose by +2.48% to 11.58 in yesterday’s trading day.

Shares have been consolidating within a range as the stock’s 50-d MA catches up with the share’s LTP.

50EMA trail support.