Bharat Forge was in Uptrend for a while decent pullback and its at multiple supports and divergence as well. Long for target 718 and 725. SL close below 690
L&t Finance has formed nice INCORRECT wolf wave. I shout incorrect cause there are people who argue that its incorrect. Again what worsk what works. Long here Stoploss close below 177 target atleast 192. One can wait for the break of the resistance trend line.
Long ACC volume+hammer taget 1720
Axis bank head and Mutated shoulders pattern. :-) waiting on breakout or burnout
Nifty sharply reversed from the fib support zone. Now watch out for the resistances 10245,10292 and 10339. Happy trading
Vedanta has formed a nice rising wedge. However its not visible with highs and lows. Some people might argue that trend ines should be drawn without missing any point. I say what works works. Whats the best indicator? RSI? Stochastics? Super Trend? On balance Volume? and best trading strategy ma cross Trend line break Elliot waves ...... ........... You name it...
Oversold RSI and price action showing bounce from previous support. Target 1645 sl 1590 closing basis
ONGC has shot up recently,but currently in resistance zone.
Not able to close below 894 even with big volumes. So ready to shoot. Target 918 sl 888
HDFC squared top on weekly chart. The time and price exactly met
Ambuja cement is in previous resistance zone and testing previous borken trendline.
TATAMOTORS was consolidating since few weeks and the weekly top was squared and currently at support.
INFY HAS SQUARED THE BOTTOM AND FORMED A DOUBLE BOTTOM AS WELL GO LONG.
INFOSYS FORMED A DOUBLE TOP AND FORMED A CONGESTION PATTERN. The Stock struggled to break the previous pivot and ready to test the pivot again. The volume has decreased and is more evident from weekly charts. The last bottom was to be squared on march 3.
INFY formed a double bottom on daily chart and RSI suggests that the recent bottom only got stronger. The bottom was also squared only suggesting that some up move is around People stay upward bias once the stock breaks 952 res zone.
NIFTY finally broke the range of 8272 and headed higher. Now the low 8382 , below which nifty is unable to close below is crucial. Expect some upmove with resistance 8430
IGL has beaten the previous resistances and looks like heading for 1000 but its approaching resistance level of 957.