Power grid is forming a descending wedge on 1 hour timeframe. The price currently is at the Support zone. We may witness a bounce off or a breakdown. look out for opportunities
Bank nifty formed a widening wedge at 15 min timeframe. There is a presence of a demand zone at the current price point and a subsequent supply zone directly above.
Tata motors on a 15 min timeframe is forming a descending triangle. It might breakout of the consolidation as there is volume support as well. Nifty Auto looks good to support this. There is a positive RSI divergence in the same timeframe at that exact price point. This also supports this analysis.
