We see SRT forming a triangle pattern on daily chart, down move was expected to retest the bottom of the triangle and today as the nifty and bank nifty fell, it too gapped down and after retesting the bottom, it is forming a hammer type of pattern, if the final daily candle maintains hammer pattern or any bullish candle, then it might continue its journey upwards...
TCS broke the 2 year resistance on July 28, thereafter it remained in consolidation for nearly a month and today it gave a breakout and might continue its uptrend to the top of the channel. Lets see..
If anyone has a different view, ll be glad to to be acquainted with that, please let me know in the comments.
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Lupin broke the resistance on 14 Aug with big green candle. Following days, after retesting the bottom of channel, it started its move up, might test the top of the channel which may coincide with the next resistance near 1070.
I am no expert, if someone maybe a learner like me or an expert have different opinion, ll be glad to see that view.
WE LEARN TOGETHER WE...