Chartworld1

Chartworld1

Eicher motor looks good for short term move of 12-15%. Moving in a harmonic triangle pattern and on the verge of breakout.

Chartworld1

Indusind bank forming cup and handle in weekly time frame. Any close above 1130 i.e. 200 EMA and 0.5 Fibonnaci levels on weekly chart would open doors for 2000+ levels.

Chartworld1

Morepen labs forming Cup and handle on daily charts with very high volumes. This can move towards 105 and further 170 in the long term.

Chartworld1

CNX auto forming inverse head and shoulders pattern. Keep a watch on Maruti, M&M, Escorts, Tata Motors

Chartworld1

ESAB India broke out today with decent volume. RSI is close to 60 and RS is close to zero line. 1st tranche can be added here. SL-1790. Can move towards 2200+ levels soon.

Chartworld1

Banknifty is forming inverse head and shoulder in daily chart. Any close above 35700 can open move for 37700 and all time high. SL can be 34000(DCB). Keep a watch on HDFC Bank, Kotak, SBI and ICICI Bank.

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3M India moving in a triangle ABCD pattern. Breakout on either side can be sharp. Looking at the price action today, looks to move towards 31K+ levels.

Chartworld1 Updated 

Affle moving in flag pattern in weekly time frame along with ABCD harmonic triangle pattern. Can move towards 6500+ levels in coming weeks.

Chartworld1 Updated 

Tata Consumer looking very bullish. Can move to 750 levels soon.

Chartworld1

SIS is forming cup and handle pattern on weekly time frame. Can move towards 600+ in the coming months.

Chartworld1

US Dollar on the verge of reversal. Already made double bottom and moving in a bullish butterfly in weekly chart. Any move beyond 91 and further beyond 93 could see sell off in most of the markets. Tricky times ahead. Be cautious.

Chartworld1

GMR Infra broken out with volumes on daily chart and after several years of consolidation is ready to move up. SL should be 16.

Chartworld1

CARE ratings forming inverse head and shoulder pattern in weekly chart and near to breakout line. This can move swiftly. Relative Strength is also positive in daily chart. 1450-1470 is possible provided this is given sometime.

Chartworld1

NESCO moving in ABCD harmonic triangle pattern. This has all possibilities of moving towards 800+ levels

Chartworld1

Union bank on verge of breakout. Can move towards 65+ levels soon.RS is at zero line therefore this can move.

Chartworld1

TVS Srichakra is trading near 200 EMA on weekly chart with good volumes. Something is happening in tyre space because i can see great volume and price action in all charts(CEAT, Goodyear and JK Tyre already posted). Also forming cup and handle pattern and looking bullish in all timeframes.

Chartworld1

JK Tyre forming Cup and Handle Pattern on Monthly chart. Any breakout from here can have a significant rally.

Chartworld1

Glaxosmithkline having high volumes near 200 EMA and on the verge of falling trendline breakout. Base has been formed as highlighted on the chart. Supertrend is already positive in daily timeframe. Can move towards 1850 levels but might take time.