Reliance, INDIABULLS HOUSING, YES BANK, STATE BK OF INDIA, HDFC BANK, TATA STEEL LTD
Nifty, BSE SENSEX, S&P 500, Nasdaq Composite, FTSE 100, DAX Index
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
TITAN is in the breakout / Reversal Zone of a LIFETIME Broadening_Rising_wedge. Lets see if it breaks out or makes another WAVE down.
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.