IndusInd bank share has taken a strong support at 1440 price levels and surpassed the first resistance level of Rs 1500. A rise in buyers and volume level suggests that the share may reach its short-term goal of Rs 1575 in less than a week. The next target, if it breaks those levels, is Rs 1690.
A fresh business order has increased the share price of KEC International. The share price has rebounded at its correct levels, and in the next few days or a week, we may expect a short-term aim of Rs 800 price levels. The share will climb much further upward if it breaks through the 800 price levels.
If the Asian Paints Shares see significant resistance at the 2800 levels, we can expect a positive upward trend up to the Rs 2900 levels, where significant resistance is seen. For past few weeks Asian Paints is in accumulation phase and can expect upward movement in upcoming weeks .
The excellent bullish engulfing and solid wave pattern displayed by last week's Cipla candles reinforce the upward trend. Cipla should expect achieving the shorter-term target of Rs. 1490–1500, where a significant resistance level is present.
Vedanta shares are trading high; despite a retracement, the stock has successfully passed the resistance level of 390s with significant volume and is expected to reach a new high of Rs 420 - 430. Furthermore, many brokerages have issued a perform signal for this stock.
Currently, Ashok Leyland is at the previous trendline Support level of 175 in price. If the stock successfully recovers, it might eventually hit 205-210 price levels in the coming weeks, according to the Elliot wave pattern, Fibanocci retracement, and trend line support levels.
Despite HDFCBANK's recent decline, its primary trend is still positive and buy. HDFCBANK is expected to the 1555 level; if trend support is taken with strong volume, we might expect a short-term upward advance till we receive the right signs. If the support is broken, it will likely to go to the 1530 level.
With strong volumes in the green candles, Reliance Industries displays the bullish falling wedge pattern. In the upcoming days, we will likely see a good breakout in the 2525–2530 range, and in the coming weeks, we can forecast a rise upwards of more than 2600.
IRCTC has been going upward over the last few days, and with lots of activity, it produced a positive breakout at the 650 level. In coming days the charts may create a Cup and Handle pattern, and if an upside breakout occurs, the next target is 690, with support to Momentum and Indicators.
INFOSYS UPSIDE MOVEMENT IN COMING DAYS Even though Infosys and the NIFTY IT index saw significant declines, their Primary trend continues to be bullish, as can be seen from the charts. Therefore, there is a much higher chance that this stock will rise to the levels of 1420–1440.
Tata Steel produced an upside breakthrough at the level of 118 and displays a perfect bullish falling wedge pattern. Bullish Falling Wedge patterns often suggest that the stock is bullish and that it has the ability to hit the target of 135 to 140 in the next weeks. If it breaks the 135-140 levels ,then the stock might go for a small retracement or correction and...
So far, Bharat Wires was trading inside the trendline zone and it has made a positive wave Pattern Breakout around 210 and took a proper retracement and strong support in 210 levels. The stock is now expected to go upside in the levels of 240-245 area in the next days.
Zee has been steadily bullish and has broken through key resistance in the 240's. In the following days, the stock is expected to remain bullish, with a modest pullback to the price( fib Retracement ) of 241 before reaching a high of 270 in the coming weeks.