Rectangle pattern on Reliance IndustriesReliance is forming a rectangle pattern and is close to its supply area. Above breakout can move the stock further into the new territory but if it fails then it can retrace for a bit.
On the other hand, RSI shows that it had gained momentum for the upward movement.
Rectangle
Gail forming rectangle patternOn the weekly timeframe, Gail is forming a rectangle pattern. If it breaks upward then it will be bullish rectangle or bullish continuation pattern.
So, we can expect an upward move of at least 140 - 150 price level and on the daily timeframe, a small rectangle pattern can be seen between price points of 108 - 112.
Breakout In TECHMBreakout In TECHM. Target Open till 1260. After consolidating from last around 10 month, now TECHM is expecting to go up.
CMP = 1178-1180
SL = 1162
Target 1220 , 1260.
Holding time 2-4 Weeks.
DISCLAIMER: WE ARE NOT ADVISORS. WE ARE NOT REGISTERED. THE IDEAS ARE MERELY PERSONAL OPINIONS. PLEASE CONSULT YOUR FINANCIAL ADVISORS BEFORE INVESTING.
IGL: Bullish Falling Wedge Pattern IGL has constructed a falling wedge on the 1-day chart in which it has made continuous lower lows and lower highs.
The trend can change from bearish to bullish after the breakout of the resistance trendline. Buyers can expect a bullish move with the following targets: 483 & 504 . IGL Is Bearish below 458 .
Buyers have to break and stay above 504 to increase demand pressure.
Note: Do your own research / discuss it with your advisor
adanient buy ideait is difficult to think about this share as it has shown unbelievable trends. However a possible scenario is coming to the mind and last two months are positive stock has rallied just before expiry last month also. And it will be a rocket speed fly ...
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Glenmark Pharma short below 633Short Glenmark pharma below 633. Reason for short Trade, Stock is trading in consolidation for 4 days Breakdown of this consolidation zone can give good move till 615.
Please Note I am not SEBI registered advisor, this is just my view and is for educational purpose. Please consult your financial advisor before taking trade.






















