CEAT is moving in a channel for a while Currently making a double top in the blue zone. On the daily chart, its moving towards filling a gap from 1840 to 1900.
Escorts is moving in a rising wedge. Currenly on the top of median line , forming a small channel zone.
INDUSBANK has been bouncing off the 2 month long trend line. Currently on the edge of it awaiting for a reversal or a breakdown
LT is moving in a flag after a long leg up. May bounce more in the levels, considering the size of the leg up.
Well,its actually a Cup and Handle pattern with yellow FLUTE as the neckline, awaiting the breakout/reversal. (in comment) AFter drawing the yellow zone, the price action to the left looked like a head and the yellow zone looked like a flute.So went ahead and drew the rest of Krishna :D
After a huge huge leg up,its moving in an ascending triangle for a breather. watch out for the Long wicks though.
INDIGO almost completed the head and shoulders, retesting the green neck line for a breakdown or reversal.
SUNTV broke out of the triangle and retesting the edge for a possible bounce up or a fall down into the triangle again.
NATCOPHARM is moving in the channels, currently in a mini breakout/reversal zone. Also its an inverted flag
TATACOMM broke out of the rising wedge and retesting the level again for a reversal or breakdown in and through the wedge all together.
ESCORTS just completed the Gartley pattern. Its kinda moving in a channel. Broke out and took support on the edge, might bounce back as a classic breakout pattern, If it crosses D again, it may test the X level, before invalidating the gartley. or it can fall down in the channel and complete the targets.
LUPIN is moving around the neckline for a while currently in the breakout/reversal zone
HDFC is moving in an up_channel since 6 months, now its back on the channel edge. Lets see what it does this time. Either Break out of the channel or make another leg up retesting the lifetime highs again.
Its been moving in mirror fashion. the Staircase pattern taken while the down leg, is being followed on the leg up. Also the parallel channels are being respected.