Zydus Wellness forming cup and handle pattern. It had significant supply at 2300 levels earlier so that needs to be broken with volumes if this has to go up. Once crossed can move towards 2800-3000 levels. Resistance is strong so it will not be very easy to move up but RS line is near 0 so can move forward.
JK Cement moving in box pattern. Volumes have gone up significantly. After consolidating for more than 3 months, this looks good for upmove. Relative Strength is close to 0 line providing great R:R. Also weekly candle close is looking very good. Targets could be 3300 and 3500 in short term and 4500-5000 in medium term.
Shriram transport has taken multiple resistance and multiple supports and moving in a ascending triangle pattern. Once resistance of 1550 is crossed with volumes. This can move towards 2000 quickly. Relative Strength is near zero line giving good R:R
CNX auto forming inverse head and shoulders pattern. Keep a watch on Maruti, M&M, Escorts, Tata Motors
Dhampur Sugar is putting up a double bottom formation on the monthly chart.. Currently the price is at around the neckline. The PA on the lower timeframe can be observed for decisions around Trade Initiation.
Tata Consumer looking very bullish. Can move to 750 levels soon.
SIS is forming cup and handle pattern on weekly time frame. Can move towards 600+ in the coming months.
Nifty Fin Services can breakout from inverse head and shoulders pattern very soon. Keep a watch on HDFC, ICICI Lombard, HDFC Bank, SBI Life, Shriram Transport.
M&M is in consolidating in a box and in the process of breakout after taking support at 50 EMA. can move towards 1000 levels soon. Only worrying concern is the selling volume. Once the selling is over, this might move up.
Federal Bank moving in a inverse head and shoulder pattern on weekly time frame. Any breakout with volumes would lead this to 125+ levels very quickly.
Exponential volumes seen along with Inverse head and shoulder pattern. This could move towards 200-250 levels very quickly.
Ajanta Pharma can prove to be a dark horse among pharma pack. Results were good for March 21 so should on radar. Currently consolidating in a box and if the levels of 1970-80 are sustained then we are looking at 2500+.
Breakout from a triangle pattern. Can move towards 3100-3200 levels
Ultratech cement moving out of box and triangle pattern with volumes. 7500+ levels can be seen very soon.
Mastek moving in cup and handle pattern. Can move beyond 2170 levels. Keep a watch.
Navin is getting ready for up move. Consolidating in a box for a while after correction from top. Any move beyond 3700(DCB) can move towards 4500.
SRF gave a small breakout from a triangle and a box. This should move beyond 7000+ levels
Nifty 15 chart analysis with simple support, Resistance, Trendline. Learn and earn with simple techniques of price action analysis. Cheers :)