LTI continues its bullish trend and taking support on trend line on daily time frame. Now it is forming CUP & HANDLE pattern. Need to wait & watch for breakout.
Zomato is forming Symmetric triangle on a daily timeframe and taken support on weekly timeframe support trendline. It has also hit its resistance many times. Lets observe it for few days.
Sbi Life is following a channel pattern-support & Resistance in daily & hourly timeframe. There are many options- 1. Swing trading - once its come to support line again and forms green candle go for swing with target top of trendline 2.Intraday trading- since it is also following this channel in hourly timeframe,you might go for intraday. 3. Watch out for break...
After descending triangle breakout,IOCL is now following trendline support in daily timeframe. As good time continues for oil & gas sector,we can expect IOCL to continue following trendine. One can go long for T1 - 140 T2 - 150 T3 - 160
In Weekly & Daily Time frame Maruti is hitting its resistance shown in dotted line and forming ascending traingle. Watch out for breakout in few days.
Adani Transmission is forming a penant pattern on hourly time frame. Watch out for break out...
Wipro is taking support and forming a symmetric triangle after consolidation. Might give breakout.
HDFC Bank after a Bullish run,declined few days. Now it has taken support and now forming a descending traingle on daily time frame. Might give breakout....
After a bullish run,it is now running on sideways pattern. On a Daily Time Frame it is forming flag pattern,might give a breakout ot break down. Only Time will tell
Spice jet constantly hitting resistance and taking long term support. Now its approaching symetric triangle breakout daily,weekly & monthly timeframes
Spice jet constantly hitting resistance & taking support on monthly timframe. Ow it approaching symmetric triangle in Day,weekly & monthly time frame.
Simple price action suggests that EURGBP might hit resistqnce again,since it has formed flag pattern with its bottom at support.
After a downtrend,it made cup @ handle pattern. Its handle is made with last candle in heavy volume. It can be fruitful in CNC,might give break out in one or two months(monthy timeframe) Target may be double the distance of cup top line & cup bottom. What do you think About it, I am learning right now.