TCS forming a very good structure But it broke down the trend line in the last few hours on friday The momentum downside may be fake It maybe true With upcoming shorting opportunities visible in nifty Tcs being a heavyweight will surely follow the trend But we should be ready for everything So make sure you trade wisely Keep stop loss accordingly
Purple trendline is acting as a very strong resistance from here, we can draw out two possible situations 1) Reliance opening below 2011 and going straight down from there 2) Reliance opening somewhere inbetween 2060-2011, and going up and down and forming a descending triangle only to go down in the end
Broke with good volumes new comers can look out to buy only if it sustains above 193 else high chance of consolidating keep stop loss wisely
do follow the trend this is not a call market is supreme if it breaks the trendline then wait for it to retest and then short it happy trading
H&S formation in HDFC with markets also showing bearish signs, maybe trading this pattern will be a good idea stay cautious trade wisely
ICICI bank falling wedge pattern formed high chances of breaking out of it if it sustains above 510 may break down below 500 for the marked area
keep you SL below the resistance trail after that
Good buy if it sustains above 125
wipro near crucial levels possibility to fill the the gap is high caution:- it may come down to test the levels again and then make a big move up but target is sure to come within the next few days trade safe keep SLs wisely happy trading
Possibility to break any side. trade cautiously hopefully it won't break down otherwise nifty will be affected
UPL just gave a breakout from its trendline on weekly time frame with increasing volume since last few weeks it has a very good potential to reach 680 levels(+20% upside) hold UPL for 6 months 680s will be near its all time and once it breaks it too you can gain 20%+ easily very good opportunity for investors
Please stay cautious from retests the price may come down to restest the levels and can resume going up after that so don't buy blindly if the market stays positive then only go long
Glenmark broke out a good ascending triangle pattern 2 days back and now forming a nice head and shoulders pattern which kinda signifies it wants to come back and restest the levels again so that it can continue to move in the long way for intraday, you can stay bearish tomorrow but on a long term I think this is going up
airtel formed a double top pattern try shorting below the 200MA - white line don't short too early set target near te start of the first top that is around 230-235
inverted head and shoulders spotted in sun pharma pharma sector is showing positive signs nowadays so this is a good buying opportunity go long above ~518-219 target is easy 1% that is around 526 swing traders can take risk and go for a much bigger target intraday people enter wisely
buy or sell only above/below the lines for the targets mentioned
wont give any levels just analyse the pattern and take an appropriate decision market may become bearish due to US election so trade wisely otherwise one can stay bullish for PVR try to buy near the buying support zone and take at least 1:2 ratio
cadilla healthcare can be good stock for a bullish position buy above the mentioned target (or 200ma ) and keep the stop loss below the 50ma trail it accordingly exit as soon as possible after hitting your target because it may or may not show quick movements