SudhiRao

SudhiRao

Triangular channel is formed in Majesco. Currently the stock is trading at the top of the channel and might correct a bit more. If the stock breaks out of the channel then we can see targets of ~700.

SudhiRao

Ascending triangle pattern found in Tata Sponge. If it breaks out of the resistance line then we can expect targets mentioned on the chart. OBV is also increasing. This news might help the stock to move up : Tata Sponge Iron acquires Usha Martin's steel business for Rs 4,094 crore

SudhiRao

Breakout from a strong resistance. Targets 55 - 60 - 80

SudhiRao

Double bottom pattern was found in NBCC. Golden crossover of 20 days SMA and 50 days SMA was also observed. Volumes are also increasing which is a positive sign for the stock.

SudhiRao

Triple bottom pattern was formed in BEL and also golden cross of 20 days and 50 days took place. OBV is increasing. We might see a target of ~115 Rs.

SudhiRao

The stock has broken out of the channel. OBV value is also increasing which is a positive sign for the stock.

SudhiRao

I have observed inverted Head and Shoulder pattern in BEML. In weekly chart, SMA cross over of 20 and 50 periods is about to happens. Once the crossover happens, we might see a swift uptrend in BEML stock.

SudhiRao

Observed a double bottom pattern in Bajaj Auto stock. The stock has broken out of neckline and might give a good positive move.

SudhiRao

This Pattern has not been formed yet. Once it completes the right shoulder, it should start moving up.

SudhiRao

I have observed a cup and handle pattern in Reliance Industries chart and it could be a good investment strategy with a risk reward ratio of ~4.