Tata consumer has formed cup and handle formation. If breaks 520 with good volume, can move up quickly for final target 581. Safe trader can book profits at 550 level.
VEDL has given two candle stick patterns at the top of an uptrend indicating shorting opportunity. Stock was in an uptrend and got rejection from 200 days EMA on 19th Nov and formed a shooting star candle. The next candle was a bearish dark cloud cover candle. These two are indicating short for VEDL.
Short VEDL @ CMP (Safe traders can wait for Monday's candle to...
Inverse H&S patter formed in daily chart of INFY and trend reversal seems to have started considering the hammer with small upper wick on 20th Nov 2020. Al though I would have been certain about the trend reversal if the hammer was a green candle, yet it is nor harm keeping a eye on INFY. Breakout above trend line with good volume can continue the uptrend. 0.5...
Sun pharma has formed inverted H&S in hourly chart. Can continue the uptrend in intraday if breaks neckline at 518.5 with good volumes.
Targets: 525, 530
