The US index Dow Jones has formed a Cup & Handle pattern on hourly charts.
Breakout is awaited.
A valid upside breakout will lead to further upside but previous swing high may act as a supply zone.
Hindustan Copper has given a Cup & Handle pattern Breakout on Weekly Charts.
But its facing a near resistance app 43.
Valid Breakout above the resistance can lead to good upside on the stock.
Trade as per price action.
Zydus wellness has currently formed a double top pattern on weekly charts.
A valid breakout above the top will lead to further uptrend and one may witness levels of app 2300, 2600 , 3000
Trade as per price action.
Tata Motors on a Daily Chart has given Symmetrical Triangle Breakout.
However 155 - 160 can prove to be an obstacle in continuation of its upside.
Valid Breakout above these levels will lead to further rise in prices.
Bank Nifty on the daily charts has broken pitchfork resistance but pushed back by daily resistance.
A Valid Breakout above the daily resistance will lead to further uptrend.
Trade as per price action.
Oracle Financial Services Software has given Brkout of an Inverted Head & Shoulder Pattern on Weekly Charts.
Stock looks Bullish as of now. Till the time 2880 is intact on Weekly basis.
