MGL has formed Pennant pattern on 15 min timeframe. Expect breakout in either direction for trade.
KOTAKBANK is making step progress on upside. Stock to be kept on radar for Wednesday. Best case scenario if stock start below trend line and move up.
KAJARIACER has formed symmetrical triangle pattern on 15mins time frame. BO or BD should be waited for probable trade opportunity. Since time frame is low, this is not high probability setup. Long above 534 Short below 527
ADANIPOWER, is again testing 1 month up trend baseline. This is 4-5 test of this trendline, any break from here can cause short term down trend. If this is respected, short term up move can be traded.
JUBLFOOD is forming beautiful textbook cup with handle pattern in 2H time frame. If neck line at 1045 is broken, it will be good long candidate. Stock is already in strong uptrend.
JINDALSTEL has broken 2 important resistance. One long term support/resistance line from Feb'16 Second is sloping trend line from Apr' 19. Good buy for medium to long term once closes above 124.5
MCDOWELL-N has broken its long term treanline with volume and should continue its upmove. Next resistance is 658.
SRF is forming Flag pattern on 30 minutes time frame. It is holding well within range after sharp rise (pole of flag) in the range. Should be n your watchlist for possible breakout.
JUBLFOOD is formed symmetrical triangle on 30M time frame and is nearly breakout. A stock to be kept on watchlist for breakout in either direction.