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#Reliance may surprise everyone on upside with target of 2070/2120. Will go long through risk defined spreads above 2031 with SL of 2005/1989 on 25M candle closing basis. And if breaks 1989 then that is SAR point when I would go short. Keeping it in radar it can define the direction of the markets.

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ExideInd after a years of downtrend broke out near 185 and made high of 221 and retracing now. Those who love trading pullbacks; here is one stock with a strong upside potential. Points to watch: Multiyear trend change on weekly charts. Would be a great idea to add in multiple trenches near 185/175/166 for slightly longer term view with SL = 144. I prefer doing...

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Weekly charts: Britannia notices Polarity - Resistance turned support @3317 Breaks upper trendline resistance as well Daily charts: notices below points It has broken out above VAH as per volume profile. Two back to back VSABreakouts in recent past. RSIStairs about to breakout above its resistance Stock looks bullish in both weekly & daily TF Sustaining...

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Seems like IBulHsgFin is busy forming inverted HnS pattern. Breakout above neckline of 249.1 can offer a medium to long term positional trade. Copy book target for the pattern is placed at around 368. Stock is high beta, hence enough protection required while playing any direction.

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#Nifty a quick technical outlook in different time frames. On weekly charts it closed above PWH with a bullish Marubozu kind of candle formation. And last week it had a longer lower weak indicating price was rejected at lower levels when bears had all their chances to push prices down. But if you look at RSIStairs its forming LH-LH indicating divergence. But on...

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BajajFinserv given first sign of weakness in weekly charts with breakdown below 9450 neckline. Trading and sustaining below 9450 it can test 8580 with positional view. SL for the trade will be 9950 on weekly closing basis. Since we are talking about SL on weekly closing basis, it must be hedged properly to reduce damage in case of sudden spurt on upside....

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Technicals & market outlook for 25MAR2021 monthly expiry Global factors to look at: • US FED & England Central Banks kept interest rates unchanged. • Gold has entered bear market with correction of 20% from ATH. • Brent Crude is trading near 62.4 after 10% correction from top. • US 10Yr bond yield > 1.7. Despite FED tap on, its keeps rising • DollarIndex is...

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IndusInd has formed a RectanglePattern similar to other banking heavyweights. Reference point is 1000. Can give a crack of 100 points below 1000 HCB.

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AxisBank is trading within a tight range of 780-715. Stock is consolidating since a month. RectangleBreakdown below 715 will trigger a positional short with copy book target of 650.

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ICICIBank is making LH-LL structure and trading near neckline support of 590.9. Breakdown below 590 will activate RectangleBreakdown with copy book target of 500.

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HDFCBank below 1514 will give a BOX breakdown or Rectangle breakdown with copy book target of 1395. Stock is under watchlist. But needs confirmation in 75M candle closing basis.

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Global factors to look at: • Gold is entering bear market with a correction of 20% from ATH. • Brent Crude is trading near the 52 weeks high of 70.45 mark. • DollarIndex is near 92 mark. Cooled off a bit in the last 2 days • US 10 Yr bond yield > 1.5. Have cooled off a bit in last 2 session • US markets recovered in last 4 sessions. Dow/DAX hits new ATH • Nasdaq...

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Gold notices a TrippleTop breakdown below the neckline of 1764. All is not well in gold. Time to wait before investing in gold. Can it retest 1563 levels which is its copy book target?

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#HindPetro has given a RectangleBreakout or BoxBO on weekly scale. Also its a DoubleBottom breakout. RSIStairs and ADX in bulls favor. Post breakout BO retest done. Stock looks good for medium to long term portfolio investment. Copy book target for the above patterns fall at 335. SL being wider one need to protect it through hedging.

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BPCL has made a AscendingTriangle breakout in daily scale. Post breakout it completed BO retest. Copy book target for the pattern is 545 which is 25% away from neckline 433. Its a very good positional #Investment candidate upon this pullback. Monthly RSIStairs also broke out above 55. ADX rising and above 22 indicating momentum in bulls favor. Hedgers may think of...

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Nasdaq broken the rising wedge. Took support near polarity level and bounced. Trading below lower trendline support of multi year rising channel. Just added to keep a watch. Not tradeable.

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DAX trading near upper trendline of multi year rising channel. Just added to keep a watch. Not tradeable.

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Just to watch out. Caution. Technically one need to wait for the support trendline to be broken. Just posted to keep it in radar. Obviously not tradeable.