Larsen and Toubro - Descending Triangle Pattern
Currently stock trading in Triangle pattern and now stock trading near almost breakout/breakdown level. If Stock break 1,490 level and sustain below this level we can see downside in stock and if stock break 1523 level and sustain above this level then we can see upside toward 1,540-1,560 level according to chart.
Infratel- Inverted pole and flag Pattern
Infratel has given breakdown in inverted pole and flag pattern and now stock can move toward 255-250 level in next 5-6 days with the help of resistance at 273 resistance on daily chart.
Drreddy looking weak on chart and stock reversing from nearest resistance 2,840 level we can see 2,760-2,730 level as per chart if stock break resistance level we can see new upside move in stock towar 2,900-2,940 levels. If Drreddy break 2,720 level we can see more downside in stock as per ascending channel pattern.
IOC trading in bullish pattern but stock nearest resistance at 155.8 level if stock able to hold resistance and close above resistance level post result we can see upside toward 160-165-170 level and if stock not able to hold resistance and break 148 support we can see 144-142 levels post result.
Enginersind trading at triple bottom pattern we can see some bounce back from support price with high volume we can see upside toward 110-115 level post reslt if hold 102 level and if stock break 102 level we can see downside toward 97-93 levels. (Sustain matter)
Bajaj Auto trading at higher low level and now stock can move upside from here and stock may post inline result. If stock hold 2,900 level we can see upside if break we can see downside toward 2,800 level if stock break 2,975 we can see upside toward 3,100 level as per chart post result.
Balkrisind stock lookin too bad on chart and stock may touch 750 level soon as per rounding top pattern on chart. Stock may post bad result as other Tyre stocks posting. Better to stay away from stock as stock don't have support and resistance.
Cesc Trading in small rectangle pattern ranged- 638 to 740 level. Currently stock trading at support line and stock bouncing with high volume that indicate stock will post good result and stoc can move toward 700 level with the help of 660-655 level on chart post result. If stock break 655 level we can see downside toward 640 level.