KashmiraLodha

KashmiraLodha

In addition to the previous posted analysis, one more confirmation to the possible trend reversal in ICICI bank. NSE:ICICIBANK

KashmiraLodha

The resistance zone has been quite strong for icici bank, can possibly act as support now after breaking out. If the formation of double bottom is completed and it breaks the trendline, high probability of reversal. The levels of 630-635 are being defended by the buyers. It is a confluence of multiple supports coming in. The breakout if happens should nullify the...

KashmiraLodha

Reliance can give a good up-move in the coming sessions. Keeping it on radar. Breakout was supported with huge volumes. Strong above 2240-50 if candles closes convincingly. NSE:RELIANCE

KashmiraLodha

Metals have seen a huge rally in the past 6 months. They are still quite strong and could show another small leg of the rally in the upcoming days. Nifty metal index has formed a bullish continuation "cup and handle pattern" on the daily timeframe. It signifies the continuation of the uptrend after breaking out the resistance level or the neckline of the cup. Time...

KashmiraLodha

AXIS BANK has been making higher low structure and moving up in an ascending triangle. It has been currently building up at resistance with low volumes. Possible breakout on the cards. Daily closing above 752-53 is required with high volumes for confirmation. NSE:AXISBANK

KashmiraLodha Updated 

Torrent Power saw huge buying volumes after posting great results post-consolidation. It has given a breakout of the wedge-channel pattern on the hourly chart. The retest is done with extremely low volumes and it is currently at the support zone. Can go long for short-term. NSE:TORNTPOWER