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#KotakBank is trading a tight range between 1691-1813. It has tried to breakout beyond the range multiple times but failed. 1813 level is tested 7 times with an attempt to breakout. If breaks out above 1813 it can test 1948 which is copy book target for the range BO. Good to go #Long with protection.

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#HCLTech looks bullish. Stock can test 986/1024 levels as long as 923 levels are defended. Good to go #Long with protection.

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#HindUnilever looks weak. In a rising market, it has been falling and now trading near the major neckline support of 2323. Breaking this neckline, it may test 200 DEMA, 2265 or 2205. One day before a high volume sell candle also seen. All is not well in this counter it seems. Trend & Momentum Score - Bearish 1 Star

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#BhartiAirtel looks weak, when Nifty is trading at ATH. #RSIStairs has broken down below 50. Stock making LL on daily charts and its trading below all major moving averages 20/50/200 DEMA. TV Trend & Momentum Score = 3 Star Bearish. Stock may go down and test 499/480/458 levels. Would be good idea to create short position with protection.

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#CoalIndia after #VSABreakOut is declining with lower volume. Stock trading above all major moving averages and notices golden crossover on daily timeframe. Momentum indicators are in favor of bulls and stock looks good for a short term long with protection before the results. A possible candidate to give good dividends this time.

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#HeroMotoCo looks bullish. Momentum indicators is in bulls favor with RSIStairs at 59. ADX rising. Stock trading above all major moving averages 20/50/200 DEMA. Stock has formed a #RoundingBottom pattern and trading near the neckline 3013 above which it will breakout. Typical text book target for the pattern comes around 3275. Good to go long with protection for...

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#ITC after making a #VSABreakOut on daily charts above 208 did the BO retest and showing signs of resumption of uptrend. Volumes are extraordinarily high. Stock is ready to test 222/233.85. Technically stock trading above all major long term averages. RSIStairs above 55 indicating momentum in bulls favor. Call writers doing unwinding on 200 strike and shifting to...

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#Zeel has given #VSABreakOut in daily charts above major neckline of 198. Stock is trading in a rising parallel channel and has reversed from lower trendline. RSIStairs has broken out above 55. Above 200 gates will open for retest of upper trendline thats around 260. Most importantly it has closed above yesterday high volume candle. There are huge shorts still...

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#Escorts is a perfect short covering candidate above 1183. It has made 3 back to back #StoppingVolume and #BagHolding candles with strong price rejection at lower levels. Volumes are significantly higher in last 3 sessions. Once it trades above 1283 and sustain it can move towards 1220/1269/1355. Results was quite good. A perfect long candidate.

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Nifty has killed the breakout traders so far last 2-3 months. Whatever, it has formed an inverted #HeadAndShoulders pattern with neckline around 15040. Also if you closely look #Nifty is trading a box pattern since last 2.5 months. As per TA, if a level is tested time and again, then chances of breaking it is very high. Typical text book target of such pattern...

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#BankNifty has formed a #DoubleBottom pattern with neckline above PDH 33600 with a copy book target of 34885. With so many attempts to breakout this time it may succeed. Previous week it had a #BearishEngulphing pattern on weekly charts. #BankNifty has closed above that in the first day of the week. So the bearish pattern failure in previous week may give some...

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#Maruti looks like a possible TrendReversal candidate as long as 6408 is protected. Will slowly accumulate it to the portfolio with protection.

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#KotakBank has formed a classical double top pattern with neckline support at 1683. It is trading below all major moving averages 20/50/200 DEMA. 50 WEMA placed at 1688. On weekly chart it has formed a #BearishEngulphing chart pattern with RSIStairs trading near 46. Currently its trading near its demand zone where it had bounced twice in the past. Below 1683 it...

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#BankNifty weekly notices a #BearishEngulphing chart pattern on weekly scale. Now its trading below 20 and 50 DEMA. Trading and sustaining below PWL it will extend its weakness. Longs only above 33500 on DCB. Would be a good idea to create a positional short with proper hedge. A risk averse trader may wait for break down on weekly chart below PWL or RSIStairs to...

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#BataIndia given a #VSABreakOut on daily time frame with RSIStairs giving a buy signal. Stock trying to break out above a long term downward channel. Can surprise on upside. Good to add in cash and add more if stock corrects towards 1265 for a positional medium to long term target of 1556/1645.

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#MCDOWELL_N looks like a possible breakout candidate. Stock closed above 200 DEMA. Momentum indicators are bullish. Good to add now in cash segment and add more near any dip if comes around 505 for a positional target of 652/675/775 in short to medium term basis.

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Whenever price tests 1320 levels, #Infy takes support and bounces high. 1320 has huge significance as low of multiple VSABreakOut elephant volume candles coincides at 1320. If #Infy breaks 1320 and trades below that, then it can start downward slide towards 1252/1150.

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Only 1 session left for 15APR2021 weekly expiry. Hence published the technical outlook for next weekly expiry. Global factors to look at: Rising corona cases, risk of economic lockdown, inflation fear worry investors. US & Europe markets trading near ATH. Asian markets had faced intense selling during this weekly series. • Markets are highly volatile one day...