Here is my 2 cents on HDFC LIFE as why I am very bullish on the stock
1.Inverse Head and Shoulders pattern on daily and weekly time frame.
2.Decending Triangular pattern on upside, signifying continuation of major trend i.e., uptrend.
3.100 day Moving Average support.
4.3rd time taking support on the trend line.
5.Stock taking support 3rd time at 0.236 Fibonacci...
Sbin formed Inverted head and shoulders pattern in previous sessions and showed an uptrend after it.
the stock again formed a Bullish Gartley pattern now-we are waiting for another huge uptrend even stronger
than the first uptrend which was shown with inverted head ans shoulders-the real thing is that the inverted H&S
pattern's uptrend is still pending.the picture...
APOLLO TYRE MIGHT SOON BREAK THE 150 LEVELS AND WE CAN ALSO SEE AN ASCENDING TRIANGLE FORMATION ON DAILY TIMEFRAME.
WHICH SUGGEST A MOVE UPWARDS.
NOTE-THIS IS JUST FOR EDUCATIONAL PURPOSE.
IF ANY SUGGESTIONS PLEASE LET ME KNOW IN THE COMMENT BOX.
After a 122% Move in Last 10 weeks and a 259% move from its 52 Week low. Ester went in to a 4 Week Consolidation which is generally a good sign, Post Breaking out of this Base on 16th September it reversed and came down for 2 Weeks and then came the breakout again on 5th October which was stronger than the first one as the weaker hands were out after the first...
ICICI Bank has consolidated in the range of 340 to 380. Moving average band suggest the bullish trend formation.
Stock is in short term uptrend above 380.
There is high resistance at 390 and 415.
Suggest to book partial profit at these levels if you have positioned it at below levels.
If there is good momentum in NIFTY and BANK NIFTY and if it sustains above...
It's bullish on monthly charts too.
After considerable correction, the second bullish wave has just started above 60, so one can still accumulate if near term if we see any downside keeping strict stop-loss at 60.
On the daily chart, it is very bullish and the uptrend has already started.
Suggest to book partial profits sequentially at levels of 90, 100, 110,...
Tatamotors has been on an uptrend after the March lows. It has very well crossed the 200 SMA with good volumes. It is retesting the 200 DMA as well as the new trend line that it has created. If the markets go green today, I'm pretty sure Tatamotors will continue its uptrend. Also the Stochastic RSI is showing oversold. NSE:TATAMOTORS