Wipro has shown impressive strength recently, bouncing back into its well-established ascending channel on the daily chart. Here are the key observations:
Channel Recovery:
After briefly dipping below the channel on January 17, the stock quickly recovered and closed back within the channel the very next day, demonstrating strong buying interest at lower...
Reliance Industries (RIL) is currently trading within a critical zone that could determine its short- to medium-term direction. Here's a breakdown of the key observations:
Ascending Channel Breakdown Risk:
The stock has been respecting an ascending channel on the weekly chart. However, it is now testing the lower boundary of this channel, indicating potential...
The Dow Jones Industrial Average (DJI) appears to be forming a classic head and shoulders pattern within an ascending channel. The left shoulder, head, and right shoulder are clearly marked, with the neckline drawn slightly below the current price level. A breakdown below the neckline could signal a bearish move. However, a breakout above the right shoulder could...
