Wipro gave a breakout from the inverse head & shoulder pattern at 445 with a volume consolidation. Breakout is invalid below 420
HCL Tech after a long buildup has given a volume breakout. It form a long basing pattern and took more than a year to break the resistance level. Breakout will be invalid below the price 1352
as we have seen master gave a massive uptrend rally and than formed a m pattern. After a long consolidation Mastek has given a breakout of cup & handle pattern on weekly chart pattern. Its a buy call but will be invalid below the 2342 CUP & HANDLE PATTERN VOLUME BUILD UP
BOB is near to its ATH levels, above 219 we can see it crossing ATH and moving towards 260 levels. good choice for long term investment
Indigo is long buy bet, trading around the range of ATH that is 2745. in the last hours of closing we have a seen a volume buying in stock on both daily and weekly chart. an hourly breakout about 2750 can lead this stock towards 2900/3000 levels
As seen on both weekly and monthly chart Indigo is showing strength both technically & fundamentally. I am seeing Indigo a good long call above the level of 2640-2650. A strong candle at this level can make this stock to move 100-200 points i.e T1- 2740 T2- 2830 T3- 2920 LOOKING FOR SUPPORT AT 2560-2580 LEVEL ONCE IT SUSTAIN ABOVE 2640 LEVEL
On both the timefarme of daily and weekly Deepak Fertiliser is looking strong to come out of a long consolidation range. Above the level of 675 i am seeing a target of 800+ in the stock. Its a coming long opportunity
Its forming a very good pattern on charts. Above 1110 we can see a move of further 200 points. Finolex cables charts showing good volume accumulation. it can be come out as a great investment.
I am seeing bank of Baroda in a verge to break the channel above 196 level. Above 196 we a see smart 20-25 points move in bob
it is showing a good volume accumulation near the ATH levels. Above 990 levels I am seeing a axis bank with a strong move till the level of at least 150-170 points from current levels.
I am seeing SBI Bank taking a support on both daily and weekly chart. On weekly chart previous week it makes a long legged dojo which it crosses today. Above 580 level we can see SBI Bank hitting back to its supply zone around 610-620 levels.
ICICI Bank is near the support level and at attractive support level. Both on DAILY and WEEKLY chart it has shown a DOJI CANDLESTICK and also given its breakout. HARDLY 20 POINT STOP LOSS I.E 946 AND GET READY FOR NEW ATH
Both on weekly and daily chart it I showing strength on chart. good volume accumulation is also seen. can see targets of 156 and 164 in coming weeks
IF MARKET OPENS FLAT- and shows a price range on upper side of 43300-43460 then breaking of 43490 we can see sharp move target 43550. Above 43500 if price stays we can see 43640/43720/43830. IF MARKET OPENS GAP UP- 100-150 points gap up & gave breakout above 43490 than upside targets cab be achieved. IF MARKET OPENS GAP DOWN- 100-150 POINTS gap down and then...
If bank nifty opens flat and consolidate in the range of 43380-43270 than upside breakout can give us a targets of 43480/43555/43670. If we see a gap down in market than we need to notice the price action forming around the 43120-43150 as its important in the respect of buyers and also can see a trend line support on 15 min chart TF. Here we need to notice a price...
39700-39500 Will be an important zone to be watch out. Can also be a trap zone. Either side cut can give a smart move in bank nifty. Patience will b the key for tomorrow.
Bank Nifty faced a massive sell off in last trading day. Trade Plan BUY only above 40600 with half quantity NSE:BANKNIFTY Above 40800 go long with full quantity SELL as being with trend below 40400 with full quantity IF gap down go with half quantity and trail SL to cost.