Romi001

Romi001

APOLLOTYRE - Technical Analysis * Combination of long term trend line, support @ 195 & Fib level 0.618.

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L&T is trading b/w a symmetrical triangle along with the support at 1343. Breakout on either side can give a good momentum.

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INFY forming Symmetrical Triangle. Look for breakouts in any direction.

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IOC has formed a nice inverted cup & handle formation in 15m TF. Trade b/w the channel or watch out for breakout. Possible short with TP 96.50 PS. For educational purpose only!

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JSWENERGY has formed a 'Cup & Handle' formation along with the breakout from the symmetrical triangle. Possible long position after the breakout. PS. For informational purposes only.

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IOC broke out of the channel & retested the resistance. Possible short on given targets.

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SAIL is on verge of a breakout from the bullish flag pattern. First target around 79.

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After breaking the trendline, SBIN has formed a bearish pennant. Look for trade after the breakout.

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YES BANK is forming ascending triangle. Watch out for the break and aim for a possible long position.

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SENSEX have a strong resistance at 46241 (Fib level 61.80 %). Rejections at yellow zone ( i.e. Fib level 61.80 %) may push the SENSEX down to 44348 (Fib level -27 %). Once crossed the green zone (i.e. Fib level 78.60 %), we can expect bullish trend & SENSEX can reach up to Fib level 127 %.

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ITC forming shooting star with small body & upper shadow twice as long as body. Watch out for tomorrow's candle! A red candle might be a signal for the down trend.