HINDCOPPER has been going through 11 year of parallel channel. this down move is not healthy for the stock in short term. any BO from the channel may be quite a bullish. as of now I would keep my view netural based on short term movement
Stock is in an uptrend and from 2020 May RSI never came below 30 which shows stock strength.
As per my analysis, If you wish to sell do it if the stock crosses the trend line, in the case of buying buy above supply zone.
Do your own analysis before proceeding, It's for educational purposes only.
A breakout is expected in Indusind Bank, it is taking support in 24 ema and a triangle pattern is also formed in the chart, there can be a breakdown or a breakout, can take entry after breakout and retest to be sure and avoid false breakout.
the chart here is on a downtrend but currently holding well at support. breaking either side of the horizontal lines the move will trigger short or long side as guided in the charts. use a strict stoploss for this stock and respect your discipline
Eicher motors is taking support at very crucial point and if it goes down from here a breakdown can be expected with the levels mentioned, 2407, 2261, 2014.
P.S : Ignore that head and shoulder, its effect has already be done.
BhartiAirtel is showing a symmetrical triangle pattern and a triangle pattern with a long term demand zone.Wait for a breakout.preferably upward movement is coming and take a long postion with a target of 600.
This is Daily timeframe.
Make or break situaton has occured in Likhita.
But with help of volume it seems to be more on bullish side.
In coming days we will get the trend confirmation with breakout or breakdown.
This post is for information purpose only.
Hindalco is forming a symmetrical pattern and can break either side of the triangle. A break above can be traded for long position for targets of 411 and 426. A break on the downside can be traded for short position for targets of 380 and 367. A downside break will lead to the price going below the 50 EMA, and the first target mentioned for 367 is the level of 200...
It has been flat for years now, with a very strong range which is highlighted in the chart, if it sustains above 321, then it can give a short target of 354, after which it may rise high and higher dud to its business (not going to discuss about the business as it's a separate topic altogether).