NO TRADE ZONE TILL BREAKOUT OF THIS TRIANGLE
Jindal Steel and Power gave a breakout from flag pattern on weekly chart, prior to this breakout the stock has successfully retested its earlier breakout from Feb 2015 high. Taking into account, the stock may resume uptrend, pattern would fail below 240.
The stock broke out of four year range few months back, and retracement of the move seems to be completed. The stock price has now broke out an inverted head and shoulder pattern and may resume the uptrend. Pattern would fail if price closes below 180
Maruti has given a breakout on intraday basis, (which needs to confirm closing basis). Stop should be kept below yesterdays low
The stock has been moving sideways from 28th Dec 17 forming a flag pattern. A close above 635-640 would confirm resumption of uptrend and pattern would fail on close below 605
TVS Motors formed hammer at 50 EMA and on lower channel of BB. It can be low risk trade with stop below hammer and entry above high of today's candle.
The reversal has been activated on intraday basis, a close above 180 would confirm the reversal and price could then test levels of 210, stop should be placed below 170 on closing basis.
Pattern would fail on close below 370