Imagicaaworld Entertainment Limited
Imagicaaworld Entertainment Limited has hit a new high and appears to be a solid long-term investment.
Please review and understand the daily chart structure for Imagicaaworld Entertainment Limited. Based on the table, Imagicaaworld Entertainment Limited appears to be a strong pick between 90 and 92. It has done incredibly well so far and has great growth potential.
Please refer to the daily chart supplied by Imagicaaworld Entertainment Limited. Since breaking out of the 90-92 zone, the stock has been climbing and trading above horizontal resistance. The research suggests that Imagicaaworld Entertainment Limited is currently in high demand, with a price of 94. The expected upside is open until 115 to 120, as shown in the graph below.
- Imagicaaworld Entertainment Limited is an excellent long-term investment opportunity because it is continually expanding and has made a significant breakthrough at 90-92.
- Imagicaaworld Entertainment Limited appears to be in a solid position, with room for growth to 115 and 120 on the list.
- The best moment to buy this stock right now is between 90 and 92, since the risk-reward ratio is ideal for cash transactions.
- According to the chart, the stock has broken out of a rectangle pattern. Its objective price range is 115-120.
Please refer to the Imagicaaworld Entertainment Limited daily chart for reference. The daily chart indicates horizontal resistance, a breakout, and demand in the 90-92 price range. Strong demand in that sector causes the stock to skyrocket.
The stock reached a new all-time high, indicating that the current price is an excellent buying opportunity. Please take note of the horizontal resistance and point of break. As of today, the stock has maintained an upward trend on the chart, attaining its targets of 115 to 120.
The rectangle design has evolved into Imagicaaworld Entertainment Limited, with the most current aims ranging from 115 to 120. The rectangle is a common technical analysis pattern made of horizontal lines that signal strong support and resistance. The two most profitable trading strategies are buy at support and sell at resistance. Waiting for a breakout from the formation while using the measuring strategy is an alternative.
Because of the stock's high demand, investors may seek a long-term purchasing opportunity in the 90-92 range and capitalize on any losses that occur. This might lead to a recovery to the 115 and 120 levels, with a favorable risk-reward ratio. Use every downturn as an opportunity to invest in this stock, which has a large upside potential. Buy shares of this company whenever they fall in price.
Investors may utilize cash to progressively buy the stock, with a price target of 115-120 and a stop loss of 80.
As a trader or investor, I frequently look for a Volatility Contraction Pattern (VCP), which is a situation in which price volatility decreases before a significant gain, to allow the stock or instrument to achieve high volume and upside with a quick increase and target hit. If you want to learn more about VCP patterns, please download the FxCareers app from Google Play and visit our website at www.fxcareers.com. We also demonstrate a high-precision pattern recognition technique.
Imagicaaworld Entertainment Limited's daily chart displays both resistance and support. Levels are displayed on the spot chart.
|
Imagicaaworld Limited |
Support |
Resistance |
|
Level 1 |
90 |
115 |
|
Level 2 |
80 |
120 |
Company Profile: Imagicaa is a theme park spanning 130 acres in Khopoli, Raigad District, Maharashtra, India. It's owned by Imagicaa World Entertainment Ltd. Imagicaa is listed on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). Imagicaa features a hotel, as well as a water and snow park. It is India's largest snow park, with edible snow. The parks can accommodate around 15,000 visitors each day. The park has welcomed more than 10.5 million visitors.
The adventure park debuted in April 2013. In March 2020, the park was temporarily closed because of the COVID-19 outbreak. Following a second shutdown due to the pandemic, Imagicaa reopened on October 22, 2021.
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