YESBANK has a strong resistance around 318. The stock consolidated in a 20-point range after fall from 52-week high. Looks like it has made base around 300-305 and is on the verge of breakout above 318. Stock is also near 50 SMA which will act as a resistance & if it manages to close above it, then it will likely resume uptrend.
MRF has formed rounding bottom pattern on weekly chart and yesterday stock managed to closed above previous swing high. Expect this momentum to continue in MRF along with other tyre stocks.
INFRATEL has formed falling wedge pattern and is on the verge of upside breakout.
REILINFRA has formed falling wedge pattern on weekly chart.
INDIACEM has formed short-term doublebottom on daily chart and looks like is on the verge of breakout along with 50 SMA.
#BAJFINANCE is on verge of down trendline price as well as RSI breakout.
INDUSINDBK looks like about to breakout from consolidation zone and downtrendline
PNB is @ 61.8% FIB level and also near 50 SMA. Downside looks limited.
CANBK has taken support near 61.8% FIB level of 360 & also 50-Day MA is @ 355. Looks like downside has been capped.
PAGEIND has formed head & shoulder pattern after a strong rally and has cracked neckline of 22050.
HTMEDIA has given symmetrical triangle brekaout at level 103. Volume is almost 3 times average for past 1 month with still 3 hours to go before day closes. Target loosk 110-113 zone with
BAJFINANCE is looking weak on daily chart and has formed double top pattern. 1713 is support trendline, if broken then stock can slide further down.
AUROPHARMA has formed bearish flag pattern on daily chart. Weak below 689 & there is a strong support seen @ 665.
KOTAKBANK has formed head & shoulder pattern on daily as well as weekly chart. It looks weak below neckline of 990
KAJARIACER has formed weekly ascending triangle pattern. It should close above 742 for confirmation of this breakout as it has failed two times in the past but once confirms, then upside is huge.
NAUKRI has formed ascending triangle pattern on daily chart. Breakout above 1250
Consolidation breakout above 984 in GODREJCP.
M&MFIN is looking strong on daily chart. It has taken support around 430-435 zone and breakout is seen above 452