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...
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
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
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
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