Ayyan Investments: Rising momentum suggests substantial upside opportunity

    • The price had been consolidating in a Rounding Bottom pattern for a while.
    • After breaking out, the stock price retraced and tested the breakout level.
    • Following that, the stock surged upwards with strong momentum and reached an all-time high near the 27 level.
    • Subsequently, the stock experienced a sharp rejection and dropped significantly.
    • A bearish Pole & Flag chart pattern emerged, indicating bearish market sentiments.
    • After the breakdown of that chart pattern, the stock price continued its downtrend until it reached the 15 level.
    • At that point, the price formed a Double Bottom pattern and recently made a breakout.
    • The stock price bouncing back from support suggests a potential trend reversal.
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    Details of Arijit Banerjee

    Arijit Banerjee CMT CFTe is a seasoned expert in the financial industry, boasting decades of experience in trading, investment, and wealth management. As the founder and chief strategist of Naranj Capital, he’s built a reputation for providing insightful research analysis to guide investment decisions.

    Arijit’s credentials are impressive, holding both the Chartered Market Technician (CMT) and Certified Financial Technician (CFTe) designations. These certifications demonstrate his expertise in technical analysis and financial markets.

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