BAJAJ FINANACE is moving up in a wedge/triangle. taking resistance from top sup/resistance level
TVS MOTORS is moving in a up channel for long. Ranging in the pink area for a bit. Currently on the median, awaiting breakout / reversal
M&M is moving in a down channel for a while, currently on the edge awaiting breakout/reversal.
In daily, price bounced from channel support, hidden bullish divergence also seen. In weekly, it is at trend line support sl - 710, tgt1 - 795, tgt2 - 820
Bharti's connection was so puzzled between 407-398 where we witnessed the coiling effect & took advantage of almost every leg inside the coil - 3 times back to back 20 points between 398 to 407 with previous updates like morning star, hidden language & the game of patience - which is our long term update. When the coil unwinded - sharp reaction to downside...
TATAELXSI is respecting a neckline in an up channel., and testing 200EMA giving long wicks. Look out for a reversal or a breakdown
GODREJCP broke out of the channel and currently retesting the edge, for a possible bounce up or a breakdown
BEML is moving in an up channel for 4 months now. Currently on the edge of channel for reversal / breakout.
Ashok Leyland CMP 112.20 Levels are mentioned in the chart In case it is not readable on chart.... 108-113 - Accumulation zone Target 128 /133 in 2-3 months In the current set up, momentum might be seen on sustaining above 114.5 On the lower side the stock also has very strong support at 97 odd levels Overall stock looks good on chart. Take care &...
PNB Housing broke out of its lifetime expanding wedge, After making a double top,finding neckline support at 618 FIB of the previous leg up. Moving in the green channel, its currently in breakout/reversal zone.
KOTAK BANK is moving in a rising expanding wedge for over four months now. following parallel channels inside.
HEROMOTOCO is moving in an up channel for long and an uptrend since 2013 Currently on its median, awaiting a breakdown/reversal.
VEDANTA is moving in a down channel for a month after touching the 6 year highs. Currently in breakout /reversal zone.Also near its 618 fb level
In weekly, price bounced from ascending channel support. sl - 633, tgt1 - 785, tgt2 - 825 hidden bullish divergence formed in weekly. price reversed near lower bb , which is moving up.
In weekly, price bounced from ascending channel support and moving towards the channel resistance. sl - 525 tgt1 - 705, tgt2 - 740.
EMAMI is moving in a long time up_channel for a five months now. Currently on the edge, for a possible breakdown or reversal
HDFCBANK is currently on the median of the channel awaiting Breakout/Reversal
In daily, price at ascending channel support, it can move up to 6300, 6700 levels