Breakdown from Andrew Pitch fork, as well as pennant formation. Sell recommendation.
Gail after witnessing a break out from a long term channel, saw an upmove but has reversed to key support areas, both on the pitchfork and the long term channel breakout. Target for this stock is @ Rs 487 and stop loss @ Rs 412.
Star has witnessed a breakout from its previous swing high on higher volumes and moving towards a breakout from a triangle pattern.MACD has also crossed above the Zero line which is a bullish indication.
Dish TV has witnessed a breakout from a bottom triangle formation, which is a bullish pattern, indicating change in trend.In the chart attached, two trendlines are converging and a breakout from this pattern on good volumes, indicates bullishness.Target is Rs 116/123 and stop loss Rs 92 on a closing basis.