Nifty IT and Infy are following same pattern.. looks like more consolidation will continue
approachin trend resistance.. need to look for breakout or down once this pattern breaks
if the trend breaks then 3300 levels has horizontal support
Respecting this trend line every time... best buy price would be around 3030 with trend below stop
Good level to add would be around 2680 will it pull back till there or bounce from upper supports to be seen
Todays PA is very powerful any pullback towards 4650 levels can be bought
Approaching a trend support.. wait for a confirmation for bullish side
Strong breakout and now looks like a pullback.. will it be a break and retest at 7800 or trend support to be seen
Looks like this will be in consolidation mode for some more time..
At make or break level.. follow up action is important as of now looks bearish.. but can turn around..
Breakdown in colpal.. very bearish... even if pullback that will be good only for shorts untill trend changes
waiting for pullback.. shoould check for bullish confirmation before initiating
Compression good for breakout / down.. which side it will break to be seen
Broken a trend line.. longs to be cautious unless this turns out to be a false breakdown..
Formed a flag pattern but the trend is down hence not to be extremely bullish.. can be a short term bet
Good short term bet consolidating in a range.. breakout expected
Has hit the trendline.. which way it will go to be seen next week..
Has given a breakout though on low volume on watchlist for long side