Currently on the neckline after completing two arcs on the top respecting the neckline. It can reverse to make a HEad and shoulders pattern before breaking out of the neck
EMAMI is moving in a long time up_channel for a five months now. Currently on the edge, for a possible breakdown or reversal
HDFCBANK is currently on the median of the channel awaiting Breakout/Reversal
IOC is respecting the neckline for six months now. currently in breakdown /reversal zone.
RELCAPITAL is moving in a long time up channel all of 2017. Curently on the edge of it, for a breakdown or reversal as usual.
KPIT is respecting the neckline for four months now. Currently on the neckline, waiting for breakdown/reversal.
NATCO PHARMA is moving in a symmetric triangle/wedge, price action separated distinctly by a median. Its in a consolidation afetr a long leg up. So its a flag on higher timeframe . Currently on the median again, for a breakout /reversal.
Price "kind_of" mirroring in the bat_wings after the double bottom in the bat_body.and it did look like the base of batman logo, so ended up drawing it anyways Just for fun though :) Nothing technical about it!!! :D
CIPLA is moving in an up channel, and folowing the green sup/res levels. It recently moved back into the original channel, forming a double top after long. currently in breakout/reversal zone.
Titan has been moving around the neckline for over a month now, forming a rising wedge. Currently on the neckline, waiting for breakout or reversal.
Havells is approaching its lifetime high levels after 4 months. After breaking out of the triangle, its moving straight up to the highs. Definitely facing resistance on those levels.
BAJAJ FINANCE is moving in an up channel for over a month now. Ranging in the yellow zone on this leg, and testing the edge of channel Creating smaller range and small bodied candles,indicating a breakout soon (in any direction). or it can continue to move between the range created. before breaking out of dashed pink lines Also respecing the Gann Fan Levels
Hindalco just retested its lifetime high AFTER SEVEN YEARS. currently in breakout/reversal zone.
IGL is moving in a long going expanding wedge. Recently made the lifetime high of 1441. Breakout from channel can mark the start of the leg down in the wedge. A reversal will lead to the retest of the lifetime high values.
BIOCON Just broke out of a long term support level, now into the secondary sup/resistance zone, just below the gap. ALos its a 382 FIB level. May face resistance before it can break it, and fill the gap.
GAIL has been moving around the neckline for over six months now. currently right in the neckline, awaiting breakdown/reversal.