Sunpharma has broken above an important downward sloping trend Line and is now at neckline.. Buying from here would be a good signal to go long. By the way, nifty is also at multi year trendline from where its downfall gonna end, so it would be a good opportunity to go long in the market at low level. Happy Trading.
Powergrid 1.48% is at few month old resistance, and broke out of downward sloping trend line which wasn't a great signal though. But it broke out with the confirmation of Gartley Pattern . Price has kind of retested the support and it is now signalling upward move. If we zoom into 15 min chart we'll see that price may come down to retest the support again and...
Techmahindra is at multi year support level as well, supported by the nifty support. Entry: 675-690 Sl: 660 Target: Take some at 715; next at 740 (One should notice.. If nifty slips further, which is though a bit unlikely to happen now, these stocks may crack below their strong supports as well.)
Tata Steel, after a bullish move, has come down to Fibonacci 38.2 level which is Supported by a strong Candlestick pattern, MORNING STAR, which in itself is a strong pattern. And We have got another confirmation i.e a support level near to Fibonacci 38.2 level. With these three confirmation we can say that Tata steel is gonna go up.
ITC is at multi year trend line is expected to go up. Entry at 265-268 SL 258 Target 285 Take Some Profit at 1:1
INFY has been in an Uptrend for a long time and now it has broken the upward trend line and to double the confirmation it has also presented a double top kinda pattern. A break below the neck line would be a good signal to short. With good entry point, and stoploss above the neckline one can earn about 3:1 trade easily. Wait for the Confirmation.