Ratna_Prakash

Ratna_Prakash

NTPC has formed a cup and handle structure. Breakout of the handle has given a confirmation.

Ratna_Prakash

POWERGRID has a good chance to break the neckline of INVERSE H&S pattern.

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CROMPTON GREAVES has given a breakout

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INDUS TOWER looks good for the below reasons (i) The Stock has recently formed double bottom (ii) When it formed double bottom the RSI shifted above 40 levels which tells that sellers have exhausted and are not strong enough to push prices low (iii) The stock has now given a breakout from the recent consolidation phase All these factors show that the odds of...

Ratna_Prakash

PETRONET is trying to move in to bullish zone. Its probably ready for a breakout and huge up move. The chart itself explains ! Its good to have a stop loss at recent candle's low.

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EICHER MOTORS gave a breakout of the huge resistance zone and RSI has shifted do 60 levels. Now the stock looks bullish if it sustains above this level !!!!

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PAGE INDUSTRIES gave a breakout and now had a successful retest. We can expect some good up move if it sustains above the trend line

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MAXHEALTH has given a breakout from the range and its also accompanied by RSI breakout of trend line and it has crossed the RSI 60 levels. The stock seems to be Bullish as it has crossed RSI 60.

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Kotak Bank seems to be Bullish after crossing 1830 levels. If it escapes from the consolidation phase then we can expect some good up move as the RSI also would have crossed 60 NOTE : We can expect Fib level (0.5) to act as a resistance. So safe players can wait for it to be confirmed

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LUPIN had a breakout and now it has retested. The retest also turns out to be at the Golden zone of Fib level (0.5 and 0.618). RSI at Daily, Monthly and Weekly time frames are above 60 which again confirms that the stock is in Bullish zone

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APOLLO HOSPITALS has given a breakout !!!!

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ESCORTS has given a breakout with very good volume. We can accumulate now and also as it gives a retest.

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Nippon Life India Asset Management Ltd has moved away from consolidation phase to bullish phase. We can expect good up move as it has given a good retest and getting ready for a Rally. NOTE: Breakout is backed by Good Volume

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INFY - BREAKOUT AND RETEST previous chart analysis posted has been with support zone and this chart has proved it with trendline breakout and retest and bounce back. If it breaksdown from trend line then the setup is invalidated

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HDFCLIFE has given a breakout

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VIP INDUSTRIES has given a breakout

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NIIT has formed a cup and handle structure and has also retested the breakout of the handle.

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DIXON TECHNOLOGIES has escaped from the consolidation zone with RSI trying to shift to bullish range in Daily time frame. Seems good with a strict stop loss level right below the support (4061)