BharatAsani

BharatAsani

Reliance is currently at a major support level, what it does here will be of vital importance. A break of this level can take the stock down significantly whereas a bounce from this level can take it back to 2000 levels. The best strategy will be to wait & watch at these levels & position yourself after it breaks or takes support.

BharatAsani

Details & levels are posted in the chart

BharatAsani

L&T is on the verge of giving a break out, It is currently in a triangle pattern with a major support zone at 1340-46. a Downside break can take it to 1300 levels & an upside break can take it to new highs.

BharatAsani

HDFC is forming a triangle pattern & will soon give a breakout.

BharatAsani

Reliance is going down towards its previous supply zone. We could see a classic reversal of supply zone become a demand zone or could a downward break of supply zone trigger a fresh wave of selling?

BharatAsani

IndusInd bank is taking support at an upward trend line & is near its resistance. If the resistance is broken with good volumes we can see a good up move.

BharatAsani

HPCL is at a major supply zone, the next few days will be crucial

BharatAsani

Bharti Airtel is in a major supply zone, it will be interested to see how it reacts from here.

BharatAsani

Tata power has broken decades old trend line with never before seen volumes. It will be a great investment for the long run.

BharatAsani

HDFC has formed a H&S pattern & the price is currently at the neckline. If the neckline breaks then we can expect a good fall.

BharatAsani

SBI is possibly forming a Bull flag, a break out with volumes will give a good Rs10-12 up move.

BharatAsani

Tata steel is currently in a range, wait for it to break out on either side with volumes.

BharatAsani

L&T is at a confluence of 2 major support, with today's delivery percentage above 50% there is a good chance it is getting ready for a leg up. As long as it holds its support mentioned in the chart it can go to 1380 & 1400 levels.

BharatAsani

Kotak Mahindra Bank is at crucial levels & is forming a H&S pattern, It can give a good fall if it breaks the neckline.

BharatAsani

HDFC has broken a good resistance level with good volumes, It can go to new highs very soon.

BharatAsani

Bajaj Finance has taken support at an upward trend line & can give a good bull move once it breaks the resistance of 5130.

BharatAsani

ICICI Bank is forming a flag & pole pattern. Can expect a minimum 30 points move if it breaks on the upside. It has also taken good support from the upwards trend line.

BharatAsani

HDFC has taken support at its trend line & might give a breakout soon. Good stock to go long.