Chart is Showing a very big Probable HEAD and SHOULDER formation @Monthly chart with Neckline @121. So this makes, Support of 168 very crucial due to the Probable Cup and Handle Formation whose B.O. can nullify the H&S pattern Formation probability after monthly closing above 206. TILL THEN BE VERY CAUTIOUS!!!!! For the probable CUP and HANDLE formation visit the...
CUP and Handle Formation and B.O. upon ONGC chart on hourly basis.
COFORGE is taking support around 3150 to 3220 area which was previously a supply zone. If it is held then Coforge can resume its Uptrend.
Chart Looking Good with consolidation B.O. and Cup and Handle B.O.
Wipro Looking like ready to be racing again. SIT TIGHT..........
If it holds Supports of 56.65 for now the breakout above 57.50 can be amazing
The chart now is in a Down Trend but for me a reversal in nearby time can be seen which could lead to the formation of a Cup and handle formation upon the chart .