NSE:HDFCBANK has made a strong weekly close with a beautiful marubozu. ATH with such a strong momentum could be a signal of good days ahead for the stock. Keep and eye, and trailing it using your favourite MA could be a good idea.
NSE:ITC is probably one of the most talked about stock in Indian markets. Twitter is full of ITC memes and investors have grown old hoping that one day ITC would finally start making a decisive upmove for good :) Anyhow, if you see the volumes in ITC lately, there has been a lot of interest. Lots of large volume bars in recent few weeks and the stock has broken...
NSE:PFC has broken out of a triangle on weekly chart with decent volume. As per height of the triangle, 200 could be a conservative positional target though waiting for break of 153 would be better for entry. Only concern is that this is slightly rising formation but not so much so it could still qualify as a right angle triangle.
NSE:SUNPHARMA has made inverse head and shoulders in 1H which didn't breakout yet and the right shoulder is now forming cup and handle formation. Chances are that once handle formation is complete, price may breakout on the upside. Could be a good short term swing trade. Keep an eye!
IEX has given a clean breakout from flag consolidation after a swift straight-line intraday move on 8th October. This breakout could take the price around 740 zone based on the calculation of pole size from previous consolidation. Disclaimer : This idea is for educational purpose only.
Mindtree seems to be forming a H&S pattern. If the neckline breaks with good volumes then it could be a 600 point fall (as per height of the head formation). Keep an eye!
IRCTC gave a flag breakout with good volume. Flag pole is not a straight line move but still very quick so chances are it could move nearly the same amount.
It has broken out of flag pattern and could give 80+ points move in short time (within ~2 weeks). Take your picks from the sector that looks strong and it could give a decent return.
HATSON is forming a flag after a quick rise to current levels. If there is a breakout on upper side with good volumes then we could see a quick 33% rise to 1940 level. Keep an eye!
AMARAJABAT has done a 50% correction from March'20 lows and now showing good momentum with volume and HH/HL in daily chart. Taking recent correction as some degree of wave 2, wave 3 could go upto 1338 (where 3=1) or better case scenario 1754 (where wave 3 = 161.8% extension of wave 1).
The fall in the channel looks corrective (ABC) in nature as per EW. And the breakout clearly looks impulsive which probably means that the primary trend is now upwards. Would we see BTC going back to previous highs from here? Let's wait and watch!
If it fails to close above 450 in ongoing pullback then it could go down till the support in green. Keep an eye!
ASHOKA is forming a descending triangle. If the lower support breaks then we might see the support level in green.
AMBER enterprises seem to be breaking out from the triangle formation today with good volume. Yet to be seen if this is a genuine BO or a false one. Keep an eye!
Will the support hold or the rounding top will bring price lower along with it. Only time will tell.
Either way, chances are ACC is going down unless a new pattern invalidates these. Keep an eye!
H&S seem to have formed in US500 daily. Hasn't broken down yet but if does then we might see 4150 next. Thanks to @ssyxworld for the tip.
NMRUSD is forming a bullish flag and as long as the lower trendline holds, there could be a potential breakout on the upside. One of the cryptos which held its ground despite most major and minor cryptos falling more than 10%.