Stock has formed a bullish flag pattern on daily chart. A positive breakout will be confirmed when (a) Stock price crosses over the resistance at 2526 (b) Traded volume are higher than the average volume during the current downward movement and (c) stock successfully converts resistance into support
Titan has formed bullish flag pattern on weekly chart. Stock is poised for a positive breakout. A flag pattern has two components - A pole and a flag. Current Market Price is at the tip of a pole. Conditions to recognise a positive breakout are : (a) stock price shall cross over the tip point which is also resistance zone and (b) stock shall successfully convert...
Stock has from an inverse (bullish) Head & Shoulder pattern. Breakout is achieved. Currently, price movement is in confirmation stage. Potential up side is around 80 points.
Price movement has led to Rounded Bottom in the making. If the price faces temporary resistance at 2498.58 then it may change to Cup & Handle - Bullish
Stock has formed the symmetrical triangle pattern on weekly chart. This is a continuation pattern. We can expect an upmove on break-out
Stock price movement is rangebound. RSI is overbought on monthly chart. Thus, we can expect more downtrend to cool off RSI
Stock is in the midst of concluding a symmetrical triangle pattern. More often it is a continuation pattern. We expect positive breakout as the pattern has emerged during the long uptrend. RSI on daily and monthly chart provides scope of uptrend. So stock won't turn overbought on breakout
Price is moving in a bullish rising channel. However, RSI is overbought on the monthly candlestick chart. Therefore, stock may breach rising channel to move sideways or decline
Stock price movement has formed head and shoulder pattern on monthly price chart. Best seen when you change chart type from candles to line. An investor has to observe caution as this pattern is the reversal pattern. We have to watch out for further price movement. If the price falls below neckline drawn on the chart then fall may continue up to height of head...
SBI Life has formed a bullish flag pattern on weekly candlestick chart.
Stock has formed a bullish flag pattern on weekly chart. A positive breakout equivalent to length of flag may be expected. Weekly RSI does offer potential of a positive breakout as it is not yet overbought. RSI on monthly chart however is slightly below overbought zone at 78.59. Thus, we shall expect limited upside
Infy price movement is in the process of achieving symmetrical triangle pattern which is considered as the continuation pattern. Infy on a different time frame viz monthly chart is still overbought. Infy has been moving sideways. Thus, breakout of symmetrical triangle pattern may lead to continuation
Stock has formed a long bearish channel beginning 25/10 to 26/11. Stock RSI was oversold on daily candlestick. Today, stock has pulled out of oversold zone. It has built support zone at 1492. Stock has formed 'Higher Low' on monthly candlestick chart. Stock has to rise above open price of November at 1585 and then continue its upmove above 1600 to resume bullish movement
Stock is in the process of a downward price movement. One can consider it as the negative breakout of bearish flag pattern. Stock is overbought on monthly candlestick chart. Thus, more likely that stock will further decline.
Stock RSI is greater than 80. Clearly overbought on monthly candlestick chart. Thus, bullish movement is not sustainable. Omicron, variant of concern has posed as fresh negative trigger. Because revenue in EU region may be slightly impacted in Q3Y22. We have to observe the gravity of infections and its likely impact on revenue in Q4Y22
TCS has formed bearish flag pattern on daily chart. We expect negative breakout. However, there is no substantive negative trigger to cause it except the potential threat to revenue in EU region due to Omicron variant of concern.
Stock RSI has entered oversold zone on daily candlestick. Presumably, each stock has its own overbought and oversold zones. In case of Titan, it is RSI less than 39. Therefore, an upmove is possible. However, upmove has limited potential. Fundamentally, Omicron variant may dampen discretionary demand. Technically, stock is little below overbought zone.
Stock has posted fresh 52-weeks high of 3020 on 19th Oct 21. Later stock has moved into natural retracement phase as confirmed by an overbought RSI on monthly chart. Now, stock RSI has entered into an oversold zone on daily chart. Therefore, we have limited opportunity of an upside.