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.