Wipro has been consolidating in a falling channel for nearly a month now and has taken a good support form fib 50% level. When the BO from the falling channel happens on the upside, one can take a long entry and expect to see 468.20 in the short term and even the -27 extention (500 levels) to be achieved in the days to come.
ApolloHospitals finds itself in a rising wedge with HPR since the last couple of days and is now near it's support. If the TL gets breached, one can go short and expect to see 2510 in the short term and even 2330 levels in the days to come.
Ramcocem is struggling at the top unable to make newer highs and is now retesting it's 8 months old TL. One can go short when this TL gets breached and expect 770 in the short term and even 690 levels to be tested again in the days to come.
JBCHEPHARM is cosolidating in a triangle and has shown a good bullish move despite bearish market sentiments. A strong BO from this triangle is soon to come. One can go long once the upper TL is intersected and expect 1090 in the short term and even 1150 levels to be tested again in the long term.
A double top formation can be seen in NIFTY and it is now at it's Neckline. Additionally, the neckline is also coinciding with a 3 months old TL which can be seen clearly in 1Hr Timeframe. The market can go very bearish on breach of this neckline. ALL levels are mentioned in the chart.
Unable to form newer highs Raymond finds itself in a triangle now. One can go short when the lower TL is breached and expect 312 in the short term and even 295 levels to be tested again in the coming days.
With an apparent exhaustion at the top, Zeel finds itself in a triangle now and at a crucial level. One can go short when the lower TL is intersected. Safe players can wait for an entry below the horizontal line which it at 216.9, which clearly is a crucial level for Zeel if you track back a bit on it's chart. The levels of 214 and even 201 can be expected in the...
Reliance is looking strong after 2 months long consolidation from lower levels. The momentum is solid after BO. Good opportunity to make some profits. All levels mentioned in the chart.
Britannia finds itself in a triangle unable to form newer highs. Additionally, it has been consolidating in a tight space of 100 points near it's lower TL for the last 4 trading days. If it breaks on the downside, one can go short as soon as the lower TL is intersected and can expect 3511 in the short term and even 3450 levels to be retested in the coming days.
Hero MotorCorp finds itself in a wedge and might give a BO in the coming days. One can go long as soon as the upper TL is intersected and expect 3350 and even 3400 levels to be tested again.
After repeated failed attempts to push upwards TorrentPharma might just begin it's downward journey. The lower TL of the triangle has been tested multiple times including last day. One can go short if the lower TL is breached this time and 2600 in the short term and even 2430 levels to be tested in the coming days.
BPCL has been consolidating in a parallel channel for a long time now and may give a BO in the coming days. All key levels are marked in the chart.
BPCL is about to break out of a triangle it was forming since about 10 months. One can go long when the upper TL is intersected and expect to see 480 and even 550 levels to be achieved in the days to come.
UPL can breakout of the triangle formation. One can go long above on breach of the upper TL and expect 545 in the short term and 600+ to be achieved in the long term.
Lupin has formed a rounding bottom. One can go long above 1050 and expect 1235 levels to be achieved in the long term.
TorrentPharma is near it's upper TL and might give a BO in the days to come. One can go long on TL break and an expect a to see 2860 in the short term and even 2940 levels in the days to come.
Muthoot Finance is very close to a BO/BD from the triangle now. One can expect a 400 points movement on the side of the BO/BD. Keep an eye!
A head & shoulder pattern is being formed in Cipla that too near it's resistance zone, thus the possibility of a reversal is on the cards. Once the pattern is completed, one can go short below the neckline and can expect 806 and even 795 levels in the coming days.