Bharat Forge , after a huge leg up, took resistance at the short term trendline. Awaiting a Breakout or reversal Without Rooster-->
ASIAN PAINTS is moving in an expanding wedge. Currently on the top edge, awaiting a breakout/reversal.
KPIT completed the Orange Cypher and the Green Gartley. Making a Flag at D.
LICHSGFIN has been in a down channel for six months now. Currently on the edge, awaiting a breakout or reversal on account of results.
IBREALST has been moving in a range for six months now. currently on the edge awaiting a breakdown /reversal
CEAT has been respecting the black trendline for more than a year now and bouncing off the Blue support line for 6 months. Currently right on the intersection of supportline and trendline in green circle.
L&T has been moving in a sharp up channel all month. Back on the edge, awaiting a breakdown/reversal.
Now that the BIG EVENT is past us, i'd like to invite their "insights" about the budget and how all the info can be translated into stocks and investments etc. SO THAT OUR TV COMMUNITY CAN BENEFIT FROM IT. Your views about NIFTY, BANKNIFTY, RBI and BUDGET in general wud be appreciated. LIke how nifty can progress from here. Or how you are focusing on some...
Idea has been respecting the neckline for a few months now. Currently testing it again. Awaiting for breakdown/Reversal
GODREJCP has been moving in a very narrow range for couple of days making a small bodied range. Probably building the Potential Energy soon to be converted into Kinetic Energy. ALso ARVIND--> and PVR-->
HERO has been moving in a flag for a while. Currently on the edge. WIth January Sales figures coming in ,it may give a breakout or reversal
After the leg up, its bounded in a small range. Probably people deciding to be on the sidelines coz if end of month/Budget jitters.
ORIENTCEM has been moving in a rising wedge for an year now. Currently testing the bottom edge.Awaiting a reversal or breakDown on account of results.
KOTAKBANK has been moving in an up channel for long, spiking up once a while. Currently retesting the lifetime highs in a cup. Awaiting a reversal or a breakout
NATCO is moving in a flat top tringle for a while. currently on the edge awaiting a breakout/reversal
Following are the 10 flags formed on the hourly timeframe .After a good rally last week creating long poles, yesterday's pullback created the flags. Well there are lot of people coz they are THE PUBLIC of The REPUBLIC TECHM - Hourly CEAT- Hourly KPIT- H DHFL-Hourly AXIS BANK -H NILKAMAL - H IBULHSGFIN- H ADANI POWER - Hourly BHEL- Hourly
EAMAMI has been moving in a range for a while, currently testing the neck. Awaiting a breakdown or reversal on account of results next week.
IBULHSGFIN has completed the much anticipated and a slow ROund bottom. and back to testing the lifetime highs. May breakout or reverse on account of Results. MIght Flag up after the sharp leg up, before taking a direction.