VivekHerur

VivekHerur

Lupin is in a falling wedge from 2015, this could be very bullish once it breaks out of the wedge. Investors, keep an eye.

VivekHerur

I think this structure is a cup and handle formation, this could be very bullish for Jindal steel. I'll wait for some strength and buy it for long term.

VivekHerur

Banknifty is forming a head and shoulder pattern (Long term. Trend reversal), which is pretty bearish, it is also forming a bearish wedge, completion of which could lead to completion of the right shoulder. And then we welcome the bears.

VivekHerur

AdaniPower has been on a bull run from a long time, but it looks like it wants to take a break. The volume is decreasing and it is also forming a head and shoulder (Trend reversal). Wait for it to break the trend and retest to play it safe. Because it might end up playing the triangle and pump (the possibility is low for now, but to be on safer side, wait for it...

VivekHerur

Not sure if I should see this as a diamond top or as a triangle (Shown in green). Diamond top is bearish, while triangle in a uptrend is bullish. I'll wait and see which way it breaks out, and i'll play along with it.

VivekHerur

As Nifty is forming head and shoulder pattern like I showed in my earlier posts, other stocks are forming bearish patterns as well. Going to play reliance as soon as it breaks out of this triangle.

VivekHerur

NBCC broke out of a 1+ year parallel channel, this could be very bullish. But while breaking out of the channel, it also formed a rising wedge(Bearish). So, nbcc could be bearish short term, but bullish long term.

VivekHerur

Nifty and Banknifty are forming a head and shoulder pattern (A trend reversal pattern). Bulls be careful.

VivekHerur

CGPOWER is in a bearish parallel channel, this could be a good opportunity to take a chance with a short.

VivekHerur Updated 

JINDALSTEEL is in a parallel channel from a long time, it is also forming a smaller parallel channel inside the big parallel channel, I might try to long when and if the price reaches the bottom of the smaller channel, or on the breakout from the smaller channel.