Over the past few months, the index is oscillating in the channel, it is a continuation pattern.
It tried to breach the upper trendline but fail to do so
It opened above the previous high but couldn't sustain above it and ended up forming a bearish candle.
Global cues are not in favour to break this level, we may see a downward rally. Upside the green trendline is...
Escorts is trading below strong support of 545. It's 200 EMA is also around 545. Formed a small range just below support, which has now become resistance for it. Buyers are active in this region as the delivery percentage is quite high. Deliverable quantity is above average.
Descending triangle is usually a continuous pattern. If it breaks triangle's baseline...
