Multiple Indicators including RSI/MFI/MACD divergences with 200EMA Resistance on Weekly
Mulitple Short indicators like RSI/MFI/MACD divergences with 200EMA Resistance on Weekly Timeframe.
Dixon Tech, Dual Pattern- Cup. & handle, H&S. 25% Upside
Dixon Tech- Dual Pattern Formation on Weekly Chart. Cup & Handle, H&S. 25% Upside!
Infosys has reached its MulitYear support levels at around 570. Previously the stock has doubled post taking the support.
Nifty is forming an inverse H&S pattern on the daily chart. Can expect a 4% move with a target of 12660
SIB has made a H&S pattern on the weekly chart. Could correct 56% from here with target of 4.75
Maruti Inverse H&S pattern on Daily timeframe with breakout today & very high volumes. Buy on dips with target of 6,744 (10.5%) from trendline of 6,081.
Tata Motors H&S Pattern formation, Target 129
Kotak Bank Rounding Top, Support at 1409. Downward MACD crossover confirms the move.
RBL Bank Buy. Triangle Support with 8 Consecutive red candles with lower than average volume . Strict SL at if price falls under 607 decisively. Overall chart looking good with ascending triangle formation with lifetime highs.
A Nifty Short with SL of Previous high of 12,100 can be Initiated from here for a 500 point down move of 11400. Risk:Return is 1:2.5
NIfty Gap Covered. RSI Oversold. 9 consecutive days Red Bars. S1 @ 11070. High RTR.
Kotak Bank Triangle Breakout Lookout for a new all-time high.
TCS today has given a breakout on a larger triangle & smaller triangle, post its results today. We expect the stock to take first resistance near its all-time high at 2275 levels. A confirmed breakout above that level can lead to 2742-3000 levels. NSE:TCS
Nifty Target 11400. Negative Divergence can lead to gap covering
If the nifty reverses from these levels before breaking the previous high decisively, we could be staring at a Head & Shoulder pattern. The neckline for the same being around 10,145.