CRUDE OIL or USOIL is in right range between 86.6 and 88.8 Major support is at 86 and 85.3. Any movement above 89 or below 85 would have huge impact on Indian markets
UPL broke it's previous support, soon it might test 512-515 levels and make a bounce to 560 levels to get rejection from previous support level and continue the down trend. Above 570 we can go for a long after good consolidation with Volume is observed
INDHOTEL took support, and with consolidation looking to make a breakout above 385
EXXARO has given a breakout in 1Day time frame and faced immediate resistance at 150 levels and restest the trend line, closing above 150 levels will be a boom
GRAUWEIL in 1 day time frame taking a support from a trend line, had given a horizontal breakout and now it's retesting same level so good opportunity for short term Investment
BALAJIAMINES is looking to make new high Target yours SL 2200
Indigopaints ready to make new high. Strong breakout + retested from trend line
FDC forming W pattern and has given in 1Week timeframe With Strict SL if candle closes below 315. Target marked in chart
CESC has given a good breakout in1D timeframe We can see that it has clearly given a breakout and successfully retest is been done.
In 1D time frame SRF has taken good support. Showing strength of making new highs from the lows now. Target yours. SL strictly candle closing below 2150.
BHARATFORGE breakout in 1Day TF with Head and Shoulder pattern and with W pattern Good for Long Target 874, 890 and 900 SL 830
COFORGE having a breakout and consolidation above the breakout levels Coming days would expect to see 4400
IOC gave a breakout to resistance with a strong volume and presently having cup and handle design pattern Breakout above 85 would give a target of 92+ More over MRCL gave a good returns and IOC having major stakes in it, we may expect good results on May 16th and have good dividend given after board meeting #IOC #1W #CUPANDHANDLE #CUP&HANDLE
IOC is having strong resistance in weekly timeframe, giving a breakout would lead to good bounce for short term.
Breakout in IOC with Triangle Pattern breakout And in 1H timeframe making a lower high