Santosh_A_Chavan

Santosh_A_Chavan Updated 

IDFCFIRST BANK has been consolidating after a rally and has formed a triangle pattern. Started from 48 --> Rallied to 67 --> Retraced back to 50 --> Rallied to 61.7 --> Retraced back to 50.6 --> Now at 52 IT is constantly taking support at the support line of 50 and holding up. I am expecting IDFCFIRST to trade in triangle for some time and then breakout of...

Santosh_A_Chavan Updated 

L&T has given confirmed broke out of Cup and handle pattern on Friday (16-Jul-21) Although LT has already made small move after the break out,but its still not very late to enter the trade. I spotted this trade only today. It will be great buy if we get this in 1-3% range of CMP (1618 on 16-July-21) Entry - 1618-20 (Current Value or 1-3% above or...

Santosh_A_Chavan Updated 

ITC has been consolidating from very long period and it is consistently holding the support of 200. Looks like ITC has broke up the rianlge pattern. Triangle Pattern:- IF breaks triangle upside Buy at 204 for target 240 Buy at 207 - SL - 197 Target :- T1- 221 /T2-240

Santosh_A_Chavan Updated 

SAIL has recently made a rally from 80-85 range to almost 150. After rallying up this much it has slowed down and consolidating. SAIL Chart has formed a triangle pattern. High at 150 --> Retraced to 118 --> Climbed to 138 --> Retraced to 121 --> Climbed to 133.35 --> Retraced to 122.8 The Prices are confined to a triangle as shown.Considering...

Santosh_A_Chavan Updated 

INFY May break out of flag pattern in coming time 2-3 days. It had already broken the flag yesterday but went down again. Keep an eye on this breakout. Entry - 1575 ( On day Closing basis ) SL:- 1501 Target:- 1725

Santosh_A_Chavan

Gold is forming a Inverse Head and Shoulder Pattern. Once the neckline s broken we can see a surge in gold price. Entry :- 48700 - Buy after neckline breakout ( should happen around 48600-48900 range) SL :- 47200 Target :- T1- 51500 , T2- 53200