OFSS has formed falling wedge pattern on weekly chart & looks like this time it will finally breakout and head upwards.
JINDALPOLY has formed symmetrical triangle pattern on weekly chart. Breakout range is above 398-400 along with RSI > 50.
SUNTV has formed bullish flag on daily chart. Once it breaks out of flag pattern, then it can reach 920-950 zone. Below 794 will be pattern failure.
DCBBANK is consolidating in a narrow range is all set for upward breakout above 193.
ZYDUSWELL has a strong resistance zone around 920-930 and it has fallen multiple times from that level. It has formed ascending triangle pattern on weekly chart. It is good for long once it breaks out and closes above 930.
ONGC has strong support near 155 zone and stock was trading in a 10 point range for the past 12 weeks. RSI is making higher highs while prices remained stable, which is classic case of bullish RSI divergence. RSI is currently 47 and stock is showing signs of breaking out of this 10 point range. RSI close above 50 will provide further momentum for this stock to...
INDOCO has demonstrated bullish RSI divergence on weekly chart. RSI is making higher highs while prices have remained range bound. 195-201 is good accumulation zone for initial target of 240. Once RSI closes above 50, then stock likely to see further upside.
BAJAJ-AUTO has broken out of symmetrical triangle pattern on weekly chart. It can test 3250-3300 if it stays above 2950-3000 zone.
EMAMILTD is on verge of long consolidation zone breakout above 1200.
INFRATEL has formed falling wedge pattern on weekly chart. Long looks only when upside breakout happens.
MCDOWELL-N has formed ascending triangle on a daily chart and it did show breakout upside on ascending triangle pattern but came down due to selling pressure in NIFTY. Stock likely to go higher and can test resistance zone of 2750-2774
RBLBANK is forming symmetrical triangle pattern on hourly chart. Breakout above 542.
IDEA has taken support near 77 and has formed morning star pattern on daily chart.
HEXAWARE has formed bullish pennant on daily chart. Breakout above 276.
Double bottom breakout seen above 556.5
Watchout for ascending triangle breakout on weekly chart