After a convincing triangle BO for Lupin, it has now halted at a minor resistance zone, as shown by the area in purple. Ones Lupin crosses this zone, one can go long and expect 920 levels to be attained easily.
Auropharma is knocking at the channel's upper TL, with an apparent Cup and Handle pattern. One can go long when this TL is broken, above 900, thereby crossing the psychological barrier also and expect 920 levels to be tested again.
After taking multiple supports, Colpal has finally breached the trendline and is now at the mercy of a minor support zone, as indicated by the smaller TL. If this trendline is broken, one can go short at 1490 and see 1470 levels to be retested again.
Hoping it will reach all time high soon. Good risk to reward ratio. Can go long at cmp with SL below 1500
Axis Bank is continuously testing the trendline, this time with a head and shoulders pattern, if the neckline is broken we can see the phycological barrier of 600 being breached at the same time, which makes it all the more bearish. One can go short below 597 and eye for 591.5 and even 585 levels this time.
Marico is once again knocking at it's all important resistance which is at 378.5 with an inverted head and shoulders pattern this time. If you trace back a little in Marico, you can see that the stock has been trying to break the 378.5 barrier since a long long time. If it manages to break the barrier this time with it's inverted H&S pattern and sustains above it...