Raunak555

Raunak555 Updated 

M_M is near 650 level, which has previously acted as strong resistance. Currently, M_M is forming ,what looks like a nice double-top setup. Wait for the trendline breakdown, before making any position.

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Bandhan bank has formed a bearish flag pattern on daily time frame. It has been in this pattern for a few months now and a huge move can be expected very soon. Do keep this in your watchlist!!

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HSCL has formed a bullish flag pattern. This pattern was drawn on a daily chart. Volume looks pretty decent, a breakout can be expected anytime.

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PIDILITIND is trading in this nice triangle pattern since the first week of April. This pattern was drawn on the daily chart. Breakout/Breakdown can happen in a few weeks, be on the look out for that.

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SUNPHARMA is trading in this channel since April, but was rejected by the resistance line couple of times. Upon further inspection, it also seems to form a cup and handle pattern inside the channel. This analysis was done on a daily chart. Suggest you to keep this stock in your watchlist, as a breakout can happen anytime.