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.
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
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.
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.
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.
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.
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.