Below is the weekly chart of ONGC, which is showing that the stock is trading in a channel. In last week the stock has made low of 115.75 and completed their cycle of a channel. Now the stock has closed above channel support and we are expecting a bounce from the current levels. Also company has recently announced a dividend that is 7 rupees per share. If we see...
On 16th August, the stock has gained by 3.5% in a day. That is the “Triangle” and “Trend Line” breakout, volumes are too good. The stock was trading in lower low & lower high and this trend has broken on last trading day. It is looking good long for next 5 to 10 trading days. There are chances to open gap up, we can buy 50% quantity at the opening price and the...
On 14th August, the stock has given breakout to the trend line and given closing just above. Volume was not great on breakout day, but there are chances of positive news by the Indian government. Today also stock price recovered from bottom. As per our view, you can enter @1590 with the stop-loss of 1535 for targets of 1650-1700.
Technical Overview of INDUSINDBK: In the below chart, we can see the stock is trading near very crucial support i.e. 1350. On 16th April 2019, the stock has given confirmation of Double Top and from next day has given sharp fall till 1350. From support levels given bounce up to 1670 and made Lower High. Like this stock has started to trade in a Descending...
As we are seeing from the last few days. The market has broken down all supports back to back. Bulls are in fear, bears are winning every match. Now, will bulls play their vital role to stop market fall? Technical Overview of TITAN: On 9th July 2019, Titan has opened gap down and also given closing with a big red candle on day chart (1252 to 1099, -12% in a...
On 6th August, the stock price has given breakout to weekly come to a daily Trend Line. And stock price is sustained above Trend Line Support that is the great bullish signal. If today stock closed above support then breakout on the weekly chart will confirm. Stock is trading near 52 weeks high, long from current levels 1565 with SL of 1490 for targets of 1600-1640-1700.
Above is the chart of Bandhan Bank, on 25th July 2019 stock price took the support of trend line and given bounce from the same levels. Also, stock has made Bullish Harami chart pattern and given good rally. After small correction, today stock has mad Bullish Piercing chart pattern on the chart. Looking bullish from current levels.
We can see a weekly chart of L&T Infotech, which took support around 1440. It has made the spinning top near support before last to last week and given confirmation of Double Bottom. Now the stock is showing the potential of gain in this weak market. We are looking positional target of 1620-1650-1700-1800. Keep stop-loss below 1435, add your own analysis too.
Axis Bank Ltd. has given closing near support on the daily chart. But not clearly showing trend change or stop trend single on the chart. We will wait for until confirmation on the chart.