Einstein15

Looks like DLFhas ended its 7 years long downtrend, making first higher low . Breaking out of the trendline, making a head and shoulders pattern to what can be a start of new leg up. It retested the neckline, break abover previous high can bring upward momentum.

Lupin has entered the breakout/reversal zone blue box. Its been down for 3 months straight, breaking the previous 52 low . Its making lower highs and lower lows ever since reaching a 3-year low mark. Cant be sure of a correction leg up untill it breaks the previous high and makes a higher high. Got to see if it reverses or breaks out of the long channel.

AMARAJABAT broke out of a month long range, testing the 618 fib resistance. break above 618 can give a good upside. Pessimistically, watch for the false breakout.As it can be a classic DISTRIBUTION move, to take out all the stoploss_buy_orders sitting on the top of the range level ,before crashing down.

Escorts is approaching the Edge of triangle in confluence with yellow sup/res line. Making higher lows last week, can expect a breakout. or another leg down retesting the tringle , if it breaks the bottom yellow suport level.

CEAT just broke out from the neckline of a not_perfect head and shoulder pattern. Yet the neckline resistance was respected all along. Its retesting the neckline zone. If the resistance of neckline has turned into support, a possible breakout from the triangle /trendline can be expected. Small yellow sup/res levels can still cause the reversal or sideways...

INDUSINDBK broke out of a month long FLAG . Respecting the sup/resistance levels while retesting. Breakout from the yellow double top zone can give a small rally up. Better view of flag in higher timeframe. If one consider the length of pole of the flag as the target length , then its up for a huge rally.

KOTAKBANK is in the critical support /resistance yellow zone. Watch out for a breakout or reversal. Sup/Res Lines are aligned with the Fib retracement levels.

TATAMETALI is entering a possible reversal zone. The green trendlines are from the DAILY timeframe forming a Rising Wedge . Look out for a breakout or reversal, after it enters the Zone.