Au Bank is forming symmetric triangle on daily time frame. It is consolidating from long time. Taking support on trendline and main support is at 1202,also formed big green candle. We might expect breakout. Just keep an eye on it.
It has formed symetric triangle on daily time frame. its is consolidating from last 21 days. Just keep an eye on it, green candle with big volume.
Cadila HC is forming Symmetric Triangle pattern with its support at 486. We can expect big move/Breakout. Its volume is consolidating since 3 months. Just keep an eye on it.
Indigo Paints is moving inside parallel channel & has formed descending triangle with its base on monthly support. Just let it form green candle in daily timeframe just above the support. We can expect its big movement- T 1 - 2390 T 2 - 2500
Biocon Ltd is moving inside symmetric traingle in weekly & daily timeframe. We can expect Breakout, just keep an eye on it, Its target can be T 1 - 410 T 2 - 450
SBI Card is forming Ascending Triangle pattern & taking support on trendline. Its resistance is at 1156.It has touched it many times but never given closing. Just watch out this stock,As soon as Banknifty gets stable we can expect its breakout.
Finally today Adani Transmission has given breakout after giving closing beyond Symmetric triangle. It touched 1940 as highest peak.
Mindtree finally given breakout today,earlier it touched resistance four times -4865. Now it has given closing at 4885 above resistance. Look out for tomorrow.
Berger Paints continues its uptrend and taking support on trendline. Keep an eye on this stock as its earning declaration is scheduled on 10th Nov.
Motherson Sumi has been following channel formation from last six years with its major support at 93 & Resistance at 256. But from last 8 months it has shortened its channel and moving between 199 to 256. It is consolidating since last 8 months. Just wait & watch for big move.
Dr Reddy Labs is moving in channel formation with its support on 4380 & resistance on 5500. It is looking good/safe for swing trading.
Mindtree is forming Ascending Triangle with its resistance at 4880-4900. It continues its upward trend.If you look its volume it is shrinking which gives us positive signal. Just observe it for few days with high candle-volume.
Indus Tower is forming Flag & Pole in both weekly & Daily Time frame. It might consolidate for few days/weeks. Just look for big candle with big volume, then expect breakout.
Today muthoot finance has given breakout in daily time frame & Weekly time frame. It was forming flag & pole pattern since many weeks but today it has given big candle with great volume and broken 1585 resistance. If you look in hourly time frame it is again forming flag & pole. So it might consolidate/small downtrend for few days.
Today Adani Green has given breakout on daily time frame. It has shattered descending triangle & parallel channel. Just be careful it might be a dodgy candle/false breakout. Look out first one hour candle, then if its positive then you can move with previous swing high targets.
Adani Enterprises has given breakout today in daily time frame. Just be careful for next one hour if it gives green candle then can expect two targets- T 1 - 1610 T 2 - 1670
DLF has formed Rounding pattern on weekly time frame. We can expect it to go big for T1 - 520 T2 - 575 T3 - 675
Vedanta continues bullish nature,Now it is forming Ascending traingle in daily timeframe. It has broken its resistance few times now again it is approaching resistance with high volume,might give breakout.