TORNTPHARM is moving in a channel/fallingwedge for over a week. Probably a trend continuation pattern, giving a good upside move after a breakout, The wedge Can break out in any direction, but upward break seems more logical
SBIN has completed the cup and handle. lets see if it can breakout of the yellow LID or retrace down.
APOLLOTYRES is at its lifetime high. Making a tripple top in the yellow zone. Unable to break it last time. A break above it can bring an upward movement Can retrace back in the rising wedge. to complete another leg. Lets see if 10K can give it a push to breakout.
HDFCBANK just completed a cup, testing liftime high of 1716, a bit of retrace after a long move up is expected, Probably making a Handle. A breakout above lifetime high level can bring a good move up Continuing its continuous lifetime rally up. I think this is one of those stocks whose status was never changed to SELL. Its been a BUY since day one.
KOTAKBANK is moving in a channel, Completing a Cypher and BAT. Entering Breakout / REversal Zone
NAUKRI completed the cup and handle , with a huge spike up. retested the resistance turned support level of yellow. now holding at the edge of the cup and handle structure at orange. Gave give a nice move up, if it holds orange level.
Zeel is about to enter Breakout / Reversal zone of an Year Long triangle. A strong base trend line being respected for over two years, should be hard to break down.
TATAELXSI, made a perfect 618 FIB retracement of life, and is heading up , possibly to complte anotehr 618 retracement and a gartley pattern. or it cud end u
BAJAJFINSV broke out of the Yellow channel and Green wedge. Theoretically, it should retest the breakout level . A retest of green Wedge or yellow channel is possible. Or just that it will breakout of previous high candle wihout retesting for now.
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.