NSE:RADICO The charts suggest Radico Khaitan might be forming a Double Top pattern, indicating potential resistance ahead. Currently, it’s trading near the resistance level of 2425, but there's a good chance it could retrace back to the support zone around 2321 before attempting to break higher. Interestingly, the stock is still making higher highs,...
NSE:RELIANCE Reliance has completed a Head and Shoulders pattern, suggesting a potential target of 1280 based on the measurement from the head to the neckline. This target could act as strong support for a buy opportunity. However, breaking the current support level at 1325 is crucial for this to happen. Keep an eye on how it moves around this level. Timing will be key.
The chart of Asian Paints is forming a textbook "Cup and Handle" pattern, which typically signals a bullish breakout after the handle completes. The rounded cup portion shows a period of consolidation, followed by a slight pullback in the handle. If the price breaks out above the handle resistance, this can be a strong buy signal, as it suggests upward momentum...
This appears to be a strong support line, as it has been tested more than three times, and a FLAG pattern has also formed. It seems to be creating BOXES. Waiting to see if it breaks below this box to make lower lows. In comparison to its peers, its P/E ratio is only 36.23, while Indian Hotels, Chalet Hotels, Lemon Tree Hotels, Juniper Hotels, and Mahindra...
Look like a cup is forming in daily time Waiting for handle NSE:ULTRACEMCO