SUNTV, after making a lifetime high, retraced into making an Inverse Head n Shoulders. Currently on the neckline, awaiting a reversal or a breakout to retest the lifetime high levels.
APOLLO TYRES has been respecting the neckline for a while. currently ranging between two level making a Spring loaded accumulation /distribution Zone. Whether its accumnulation or Distribution will be decided after it takes a direction , probably on account of the results.
DRREDDY has been moving in a small channel for a bit,currently right on the 618 FIB. May breakout on account of good results to completing the gartley Nice resistance / sup at every FIB level.
L&T is retesting the lifetime highs after two years. H&S and also moving n a channel.
MCDOWELLS is moving in a flag after a huge leg up after the results. Call it a symmetric triangle or flag, since it has a pole Dont be scared !! it wont bite :D
After the rally up, like most banks, BANKINDIA is making a flag.Volume decreasing below average indicating the breakout in either direction is near.
DHFL is back to retest the lifetime highs, after a good doublebottom.Also moving in a rising wedge. Awaiting a reversal / breakout making new lifetime highs
WOCKPHARMA is moving in a long term falling wedge. Currently testing its edge, and the green support/res level
ESCORTS , after making the lifetime high, it moved in a head and shoudlers pattern, completing it. Its back to test the lifetime highs. VOlume spikes are going down, as we approach the level. Can expect a move in either direction based on results due early this week. it did complete the CUP, may make a handle.
RNAVAL has been moving in a triangle for a while. Bouncing in a narrow range as its approaching the end. Awaiting a breakout or reversal from two blue zones on either side
SPARC is moving in a channel for a while. Made a good leg up on account of the results, awaiting a breakout/reversal.
BAJFINANCE has been moving in a falling wedge, just to make a big move up yesterday, completing the BAT, and right on the edge of the wedge/ Awaiting a breakout or reversal.Its still a valid revrsal as long as it dosent cross -X
KSCL completed the cup and handle, also the BAT, right on the neckline. Awaiting a Brekout/reversal on the event of result
SRTRANSFIN is moving in a range for long. On this leg up, theres no immediate price rejection at the top, kinda holding up at the top level. awaiting breakout /reversal
After a huge leg up yesterday, its back into the neckline..Todays Result (or anticipation of result) may decide the direction. Awaiting a breakout to retest the lifetime highs or a reversal
BPCL is retesting the lifetime high levels that it made recently. ALso completed the bat on the neckline. Awaiting a reversal of breakout.
TATACOMM is moving in a channel, respecting a neckline, breaking our of it finding resistance at upper channel. Awaiting retest of neckline or breakout
After a huge fall yesterday, it completed the Head n shoulders and took support at an old yellow support level. Last leg was a vertical drop, it may correct sharply, before taking a direction