TATASTEEL has closed very close to medium term trend line. Should be a stock to watch out for 19-Nov 2019
JUBLFOOD has formed symmetrical triangle on 5-15min time frame. Since JUBLFOOD has Cup with Handle on longer time frame, BO is most likely.
MOTILALOFS has three patterns in play. Cup with Handle on daily time frame, Trend line breakout (yellow line), Long term resistance (pink line). If this closes above 750 (long term resistance, it will be good positional stock).
CHOLAFIN is very close to do breakout of 2 years resistance at 330. Also it is currently above mid term trendline resistance. If closed above 330 on day end basis, could be good positional bet. Only active if closed above 330.
LT is bound in downward parallel channel since last one week. Good trading opportunity on extreme of channel & any breakout will also provide handsome day trading result.
KAJARIACER, has broken out from dual trendlines. It is good solid candidate for long on 15-Nov 2019
HDFCBANK has broken out from rectangular pattern (week long) on upside. Good for long for some gain.
UJJIVAN is testing short term resistance line (STR) for 3rd time. Stock to watch out for 15-Nov-19
MGL has formed Pennant pattern on 15 min timeframe. Expect breakout in either direction for trade.
KOTAKBANK is making step progress on upside. Stock to be kept on radar for Wednesday. Best case scenario if stock start below trend line and move up.
KAJARIACER has formed symmetrical triangle pattern on 15mins time frame. BO or BD should be waited for probable trade opportunity. Since time frame is low, this is not high probability setup. Long above 534 Short below 527
ADANIPOWER, is again testing 1 month up trend baseline. This is 4-5 test of this trendline, any break from here can cause short term down trend. If this is respected, short term up move can be traded.
JUBLFOOD is forming beautiful textbook cup with handle pattern in 2H time frame. If neck line at 1045 is broken, it will be good long candidate. Stock is already in strong uptrend.
JINDALSTEL has broken 2 important resistance. One long term support/resistance line from Feb'16 Second is sloping trend line from Apr' 19. Good buy for medium to long term once closes above 124.5
MCDOWELL-N has broken its long term treanline with volume and should continue its upmove. Next resistance is 658.
SRF is forming Flag pattern on 30 minutes time frame. It is holding well within range after sharp rise (pole of flag) in the range. Should be n your watchlist for possible breakout.