ACCELYA SOLUTIONS - Another chart for studying stock behavior

After a breakout from the ascending triangle , there was a weak breakout which wasn't powerful enough to take on the next resistance. A retest of the previous resistance happened which is now a support. Now we see some accumulation going on near the resistance - always a good sign.

A breakout from the current resistance( 950) is expected but the stock will enter the high supply zone of 950-970. Smart traders will make use of this opportunity as well but for investors, it is advisable to enter only above 971.

評論:

Fundamentally strong:-

Virtually debt free
ROE for 3 years - 56.8%
Dividend payout - 66.7%
Stock PE of 12.9% vs Industry PE of 14%
Promoter Holding 75%

評論:

Moving just as expected. Keep holding for the rally

評論:

Consolidation at this support is healthy for a fresh up move soon.

評論:

Beautiful rally since the BO. Consolidates and flies.