In charts BajFinance is in down side channel but with relief from RBI it needs to be seen will trend gets changed or not. Else it could see bearish trend.
In charts its clearly showing multiple cup and handle patterns and price making new high levels and looks extremely bullish
Hindalco given excellent Q3 results, price is making fresh all time high. cup and handle pattern in chart. handle it self is 100 rs so share price can increase 100 to 300 rs in a yr or any time based on Q4 results/
ONGC has given negative results and price is at previous high and yet to test the actual resistance area yet. No sign of correction of fall yet.
Price is at all time high and making flag pattern above previous high levels, need to wait and see if its continuation pattern or will get rejection from all time high.
Grasim is at all times high and only moving up only. No sign of profit booking.
Coal India Q4 results beats street estimates. price is at all time high and its still moving up
Nifty failed to break 22780 zone so double top holding strong now resulted in selling by all players.
For long time ITC is Bullish and its in Bullish Flag pattern right now. Inside the flag area it has formed a support and its having minor resistance - R1, R2, R3, I think once these levels taken it could give spikes on upside which will support Nifty
going by the chart Infy is at support - S1 and S2 which is stronger support area. This could support Nifty if demand comes in for Infy shares in coming days.
Nifty & BN is already strong and in bullish trend only. Any supportive news from US tonight related to Fed decision and FOMC statement could easily take Nifty to next level of 23000 very soon, Tomorrow gap can be expected too. Conditions apply - US news and support confirmation in charts.
Pattern in Nasdaq is similar to that of S&P , so once fed and fomc news is supporting we can see 18300 or above in nasdaq this week
Today S&P seen holding on to its support area....In case Feb Decision and FOMC news favours equity then I think we can see 5220 this week.
Thanks to ICICI , SBI and Axis leading BN and RIL & TCS leading the Nifty and driving the positive move. Clearly after Middle east issue cooling down its positive for equity, added with Election mood and supportive results from few major companies. And thanks to limited negative results.
SBI after some consolidation price has given a breakout which is indicating bullishness with more higher targets on upside.
HDFC results given some profit booking but chart pattern is holding to support line and side way indicating build up with big players. so far chart do not show any down trend in charts. HDFC Bank is clear buy and getting ready for big moves on upside.
Axis has come out with very good numbers and its also valued very less compared to other banks and giving a very bullish view for Axis for now.
For long time Bajaj Finance is in Ascending Triangle pattern and its a Bullish pattern. As on friday 26th april closing price has come for re test of support. on monday 29th if friday level holds and this ascending triangle pattern holds then price could see 8K again in may. or in first week of may it self. so its Buy side only till now.