RSI divergence is clearly visible in the chart. hence I would suggest people to be bearish since cholamandalam already gave a breakout and can possibly give a retracement and therefore fulfilling our strategy please don't short below the red line near 270. target 1 of near 1.9% can be achieved if cholamandalam starts falling for people who want to take more...
cup and handle pattern formed in the daily time frame prices may consolidate till the US elections and then it may boom considering the price action Pfizer should be a heavily bullish stock but beware of the consolidation zone in the white lines trade wisely
Induslnd bank is for the time being range bound but watching Banknifty, which is at a very crucial point of near 25000, induslnd bank can test the upper bound of its range in future watch and go long with respect to bamk nifty if bankfnifty crosses 25000 with good volumes and sustains it then induslnd will easily give target 2 at least also the area of target 1...
dont trade in the yellow zone go long above it go short below the zone
Shree cement is forming head and shoulders pattern which can fall anytime in the next 1 or maybe 2-3 days keep shorting opportunities open in shree cement and short near 21200 area and set targets as mentioned in the chart 21200 will act as strong resistance as it has already been rejected at this level previously and also it is a crucial fib level ...
Double Bottom pattern formed with very high volumes at the end on 5 min chart Make sure you stay bullish if the market sentiment is bullish keep checking out the Metal sector every now and then and keep your target likewise For risk takers you can go bullish and keep a tight stop loss and then a trailing stop loss to book profit will suggest everyone...