Author: Pratik
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Chalet Hotels- What chart Says
Chalet Hotels is a prominent hospitality company primarily engaged in the ownership, development, and management of high-end hotels and resorts in India. I haven’t delved into the fundamentals of Chalet Hotels, so I refrain from commenting on its financial performance. However, by analyzing its chart, which suggests that price reflects all available information, here’s my…
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Deciphering the Zomato: Share Price Analysis & Latest News
Zomato faced a significant setback post-IPO but rebounded impressively Initial Struggles: Zomato experienced a notable decline in its share price following its IPO, facing challenges in the market. Resilient Recovery: Despite the initial setback, Zomato demonstrated resilience and strategic agility, implementing measures to recover from the downturn. Smart Rebound Strategies: Zomato employed smart strategies to…
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Mastering Three Important Base Formations in Stocks: Double Bottom, Flat Base, and Cup and Handle
Introduction Understanding base formations in stocks is crucial for successful trading and investing. Among the various patterns, three stand out as particularly significant: the Double Bottom, Flat Base, and Cup and Handle. Let’s delve into each of these formations and unravel their importance in stock analysis. Double Bottom: The Double Bottom pattern is a bullish…
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Chartink Insights: CEAT Tyre Share Price Formation and the Cup and Handle Pattern
CEAT Tyre Share Price and the Cup and Handle Pattern. The market presents numerous trading patterns, including continuation and mean reversal. Continuation involves following or riding the trend, and one such dependable pattern is the cup and handle. Also known as the volatility contraction pattern, it features shallower dips with each successive pullback, indicating absorption…
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Analyzing Polyplex: Share Price Trends, Promoter Actions, and Market Dynamics
Polyplex had a phenomenal run from 2020 to 2022. However, the last year has not been as favorable for Polyplex, with a decline of -40% in its share price. The promoters have decided to sell a significant portion of their stake in the company, reducing their ownership from over 50% to around 25%. Such a…