HL-HH In place. Supply and demand zones intact. Long till Point D.
Price volume breakout of the cu and handle pattern, Look out for 60+
Trending in a parallel channel, Broke out resistance which is now acting up as support. A good move from here would trigger 2144 and 2166
Target 4330 Achieved, 5Rs short of 4430, Next 4490 will be on the run!
Breakout of the descending channel seems to be on the edge. Above 840.65, Can expect 862.70
A drop in the price and a rise back up to the original value, Cup and handle pattern. Anticipating a rally towards T1- 117.95, further followed by T2- 125.50. Invalidation level- 98.75
As reliance closed above the previous Point D of harmonics, Can expect a rally from here towards next point D that stands at 2450.
At point D of harmonics,Might tumble down from here. But the stock is near ATH, So not ruling out it's high potential towards Higher highs. Long above 1537.35
Parallel channel intact, And a closing above fib 0.618 extension signaling a rally towards 4330.
Bullish harmonic pattern in play, Multiple touches on support, Initial target 545, followed by 560.
Bullish harmonic pattern, along with a price volume bar indicative of a bullish reversal. Targets 304-320
Descending channel, Rounding bottom formation. Weekly breakout, 280 Lies ahead.
Grasim Was amongst NIFTY's Top gainer as on May28,2021 with a change of 3.41%. Q4 profit rose 13.3%. Technically it has breached the 0.618 extension level, the spike in volume followed by the candlestick are indicative of a bullish move.
Harmonic pattern active. Long till point D. In addition, Keep a close eye at 230-240 levels for a bearish reversal.
M_M reported a combined net profit of Rs 163 crore for the quarter ended March (Q4 FY21). As per Technicals, The stock seems to be stalling at 0.5 Fib resistance. Once it breaks out from the resistance, 900+ can be anticipated. Furthermore, a bearish harmonic pattern stands in the way which might hinder the Up-trend.
TECHM is a Large Cap company operating in IT Software sector. Rangebound for almost half a year. As per technical's, Bearish Harmonic pattern in play. The last candle, seems to be taking support at fib 0.236 level. Similarly, It got rejected at Point D of Harmonics, The price might stall or reverse. If Point D breaks out, The next levels to eye on will be 1044...
Momentum building up, Bullish harmonic played well. Sustaining above point B, might trigger the target at Point D.