Sun Pharma has formed downward wedge shaped pattern on Monthly Charts. Although Nifty Pharma seems to be bottomed out , i dont see any reversal signs in sun pharma. Till it comes out of the wedge pattern it is in a no trade zone.
Techmahindra at resistance & EMA 20 support. Also formed IH&S
NORMALLY INFOSYS STOCK HAS GOOD RUN AFTER GOOD QUARTERLY RESULT. IT SEEMS IT HAS GOOD QUARTERLY RESULT. DON'T KNOW HOW ANALYSTS FIGURE IT OUT. IF POSITIVE IT MAY CROSS 900.
Godrej JCP has come out of channel and has made double bottom however it is facing stiff resistance on the way up. If the price sustains over 700 levels with good volumes then it is a buy. Otherwise it is a sell with a SL of 700.
As long 10695/12105 resists, we can see 10638 again and further 10318-10228, 9883-9669 positionally.
Weekly resistance at 11375, Daily support at 11175. Narrow range 11375-11100, break on upside could see 11550 while on the downside 10950. Most likely to be within the narrow range for the entire week as results start pouring in and we witness stock specific reactions.
Nifty educational video. Very important Virgin CPR formation. To learn such 15 patterns please message me. Thank you.
Friends, I was just having a look at the Intraday Trading data for Indiabulls & I must admit it was scary to say the least. At around 3:13 p. m., huge quantity (Possibly square off by those who had created intraday short positions) of more than 12.38 lac shares got traded which resulted in sudden spike of price from 212.30 to 218 (218 in fact turned out to be the...
Volatility contracting with a traingle formation. Price can break on either side.