One can clearly see the formation of Bearish Flag in VEDL hourly chart. Break down awaited. Upon BD can touch app 308, 270. Invalid on close abv 332.60 Trade as per price action.
Rounding bottom breakout of the ascending triangle formed in BSE has now re-tested the upper side of the Triangle. If the re-test is sustains, can expect uptrend to resume.
Completed rounding bottom formation & anticipated nice move just keep eye on radar ...
Nice break out of cup & handle formation & looking good strength to spike soon...
HSCL looking attractive given breakout for falling trendline keep eye on radar this week ...
IDFC First Bank has been in a long period of consolidation that has formed a triangle. Over the past few weeks, such consolidation period can be seen to round off into two smaller bottoms, forming higher lows. 200 EMA support is pushing the stock into a triangle breakout now, which looks good to achieve the charted targets over the next few weeks.
L&T Finance has been in a long-term downtrend falling wedge, that has beautifully drawn out into an Inverse Head & Shoulders reversal pattern. The stock is now trading above all its long-term moving averages, which provides strong support to push up towards the targets indicated.
Breakout of a falling wedge is a bullish reversal, which has taken support of the 89/100 EMA. A re-test of the breakout has taken place, and targets over the short to mid-term have been mapped out on the chart.
Its near to break life time high keep eye on radar anticipated swing move up up to 680 soon
Maruti monthly chart clearly shows the formation of an Inverted H&S pattern. Breakout awaited. The tgt of a valid brkout, should ideally lead to the stock getting into its All Time High Prices. But still the previous top will act as a major resistance. One should take caution at that price levels.
Angel broking had witness breakout of H&S breakout today as per line chart technical parameters looking good ......
Symmetrical triangle breakout & anticipated quick move levels mentioned at chart
Federal Bank is one of the Big Bull Rakesh Jhunjhunwala's big bets. The stock has broken up above the downward trendline forming since March 2021, with a downward trendline formed since October 2017 very close above it. Federal Bank is seeing some consolidation in this range before it makes the next leg up above the second trendline.
I will buy HAPPSTMNDS because : It has been taking support at the trend line . It has touched the support and has not been able to break it. So will be looking at buying opportunities. If it breaks the support look at shorting. Entry : 1333 Target : 1728 Stop loss : 1282
Subros have a nice stock & its closing near supply zone keep eye on radar its quick move at least 6% anticipated if its closed above 375 with given sl 360....
Stock has formed an ending diagonal pattern. One should go long on cmp i.e. 740-42 keeping a stop loss of 720 & look for the target of 770-75 zone !
M&M has reached an important level. A close above this level will propel it for further upmove
Pattern failures are more profitable than regular trading patterns. One of the phenomenon can be seen on CHOLAFINANCE chart. A Head and shoulder pattern formation followed by a breakout of the neckline. But the prices immediately came back above the neckline & holding it successfully. This can be taken as pattern failure for H&S formation. One should go long with...