Inventing the "Growth" Story of Inventure "Growth & Securities"
Inventure - A leading provider of investment advisory service and distributes financial products like mutual funds, insurance products, etc.
The stock turned Multi-bagged when it multipled from 0.80 / Share to 6.75 / share in a matter of 22 months. Now - after a perfect 0.786 retracement on the Fibonacci scale - it is all set to beat its earlier bull run.
Here are the Technicals:
Resistances:
A Multi-year resistance from its IPO duration in 2011 is pushing the price down from 3.1 levels. Inventure is all set to make new highs only 3.15 is taken out decisively on WCB
Targets
Short Term: 3.9
Rounding Bottom: 4.8
Fib Extensions: 6.15, 11.05
A True Multi-bagger in the making
Disclaimer:
Stocks-n-Trends is NOT a SEBI registered company. We do not provide Buy / Sell recommendations - rather we provide detailed analysis of how to review a chart, explain multi--timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide" and consult your Financial Advisors before taking any positions.
If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments
-Team Stocks-n-Trends
The stock turned Multi-bagged when it multipled from 0.80 / Share to 6.75 / share in a matter of 22 months. Now - after a perfect 0.786 retracement on the Fibonacci scale - it is all set to beat its earlier bull run.
Here are the Technicals:
- Fib 0.786 Retracement on Monthly
- Perfectly following a Parallel Channel on monthly since 10 years
- A beautiful Rounding Bottom pattern - about to BO above 3.15 for Target of 4.8
Resistances:
A Multi-year resistance from its IPO duration in 2011 is pushing the price down from 3.1 levels. Inventure is all set to make new highs only 3.15 is taken out decisively on WCB
Targets
Short Term: 3.9
Rounding Bottom: 4.8
Fib Extensions: 6.15, 11.05
A True Multi-bagger in the making
Disclaimer:
Stocks-n-Trends is NOT a SEBI registered company. We do not provide Buy / Sell recommendations - rather we provide detailed analysis of how to review a chart, explain multi--timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide" and consult your Financial Advisors before taking any positions.
If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments
-Team Stocks-n-Trends