TECHM is comfortably cruising in a rising Parallel Channel but is now taking resistance on upper levels on the 15-minute chart.
HCL Technologies forming a symmetrical triangle on 15 Minute chart and simultaneously taking support from the Demand and Supply Zone which was previously acting as resistance but now turned into support on multiple occasions.
Dr Reddy's Labs is consolidating in a tight range forming a parallel channel on the 15-minute chart. A fresh breakout/breakdown can give a good move.
Maruti Suzuki formed a Symmetrical Triangle on an hourly chart. Supply and Demand Zone will act as a strong resistance and will try to push it further down.
Asian paint forming a descending triangle on the 15-minute chart. Will be giving a good move on the next trading session. Be prepared in advance for whichever side it goes.
HCL Technologies broke out of a Symmetrical Triangle formation on the 15-minute chart. Has already retested the Symmetrical Triangle and simultaneously taking support from a Parallel Channel trendline.
Bharti Airtel consolidating in a parallel channel after a rally on 15 min time frame.
Havells coming out of an extended downtrend with 3 month consolidation in a range forming Rounding Bottom.
Was going through this DMART chart and luckily enough got to analyse two bullish patterns in a single chart:- 1. Inverted Head and Shoulder 2. Rounded Bottom If you look at the Inverted Head and Shoulder pattern it hit its target on the upside equal to the depth of the Head and then gave a break out completing the Rounding Bottom Pattern.
The chart is self-explanatory.
The chart is self-explanatory.
Details in the chart itself.
Hindustan Unilever comfortably moving in a parallel channel for a long time.
Intraday price action analysis.