We have USDCHF forming very good pattern. Here we can look for shorting opportunities if it shows weakness from the trendline. And we also can look to go long after giving bullish signs from the support area. So for thing range we can trade keeping this view in mind
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LUPIN after falling so much from the top was consolidating near trendline support. And at some point, it also closed below trendline and now it again came above the trendline. So it might show good bullish movement. So it can be good candidate for a swing trade.
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In a smaller timeframe, TCS has given a breakout of rising wedge pattern and it may give some retracement and start with its up move. So we can keep it on the watch list for intraday if not for Wednesday then for Thursday.
Dr Reddy is following a channel and it is at the bottom of the channel. It is showing a good pinbar type candle on weekly time frame. And it can have support of PHARMA sector as it is also at the support. So it can give a good target for a swing trade.
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After a good fall and consolidation ADANI PORTS is showing the breakout of consolidation in form of triangle.
which gives a good opportunity for a swing trade with 1:3 RISK TO REWARD.
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USDCAD is in good uptrend and it has came for small pullback. Previous swing on 4H timeframe may act as a support for the price before starting another push phase. So watch out for this level.
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After the breakout of the previous resistance, TATA MOTORS retraced and came back to those levels. And these are acting as a support for TATA MOTORS.
so any bullishness can give us a good target UPSIDE.
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TATA MOTORS fell very sharply and now it is forming a base at a very strong demand zone. Also, we can see the candles with the wicks. Another point is that the scrappage policy can trigger upside movement in the Auto sector so watch out for the TATA MOTORS.
After a good uptrend Apollo Tyres was in consolidation which is making a flag and pole pattern. We can see the breakout of this pattern and a very good uptrend. So keep an eye on this stock for a swing trade.
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Today again nifty is at all-time high. But if you look it can be following this rising trendline as resistance. So it can take resistance from it and trap all those buyers who went long from all-time high breakout. So a little gap down can give us a good bearish move.
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TATA STEEL is trading near trendline resistance. And after bear trap it gave good move today. Also the quarterly results are tomorrow so it can give good moves on either side.
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After a good trending days bank nifty is now moving in the channel and currently it's on the bottom of the channel. So it will be interesting to see the next move.
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After good rally upside nifty consolidated for two days now and making a pole and flag pattern which is same as of BANK NIFTY both were in a good move and the good rally continue after this structure is broken. Please comment down below what do you think about the next move of these index.