Chance for U turn_Channel bottom_Target 200Now it's in channel bottom 115-120 level strong support. If market supports, there may be chance of bullish turn from here. Target 200
Lovable Lingerie Limited
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Market insights
SWING IDEA - LOVABLEWeekly closing above 119 is a good sign for upward momentum.
Stock is also following trendline.
Support @ 119 is holding good for this week.
Expect stock to go up to next S/R zone at least.
MACD looking good for a good move upward too.
Multi-year Trendline BreakoutNSE:LOVABLE has broken out from a multi-year downward sloping trendline.
Structure looks like inverted H&S though I would avoid calling it as I prefer to go by strict technical definition of H&S which says inverted (or bullish) H&S should form after a decline since it's a trend reversal pattern. Decline is there but the whole decline is in form on H&S instead of H&S formed after a decline. Anyhow it's just a technicality and we can treat it as a breakout. Feel free to call it a trendline BO or H&S BO.
As for target, technical target should be above 700 as per the height of structure. However, I would prefer to trade it with multiple smaller targets. I would look for 300 as the next major then will wait for price action to confirm if it would go further and target would be 400. Next would be 550 and then 700.
Lovable Lingerie LtdIncorporated in 1987, Lovable Lingerie
Ltd is in the business manufacturing hosiery /garment products
Can turn out to be a good Cash Market stock for short term gain
LovableStock name = Lovable Lingerie Limited.
Weekly chart setup
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. this is not buying and selling recommendations. I am not SEBI registered. please consult your financial advisor before taking any trade.
Price Ready to Break 14 Years ResistanceAfter Multiyear Down Trend from 2011 finally price ready to break its multiyear channel and this setup looks attractive and high potential breakout candidate. Setup invalid if price break 120 level . So 120 act as a Stop Loss.
Rally to 205It's going to give its double Bottom Target,It is following its rally to Go uptrend
Also waiting to Triangle Breakout
LOVABLE, entered in short term correction, long term bullishFirst wave completed, correction in progress, but longer term the trend has reversed to upside
Bullish on Lovable Lingerie (Daily)
- Change of Polarity ↕
- Pole & Flag breakout 🚩
- RSI -MA Croosover 🔀
Entry - 118
ATR SL -107
Targets - 144/174/212
LOVABLE to boomAfter a breakout from the monthly resistance it rose from 80 to 130 . Forming a penant at that range , it's suppose to breakout . The next strong resistance is around 200 to 220 range.
