deepsimi

deepsimi

Waiting for the breakout of PNB inverted head and shoulder pattern. Price is on the right shoulder rignt now Target would be 50 after the breaout level of 38-39 with good volume.

deepsimi

HDFC may take a reversal from here now, as price has been reached at the same level where it was 2 month back and created FLAT price line. and in RSI lower high which is a class B bullish divergence. And if, it take reversal from here, then it would be the last leg of double bottom pattern, very bullish pattern.

deepsimi

Pennant pattern created on daily chart of Richo Auto, anytime breakout can happen on it. Stock flowing in short uptrend above its 50 MA. Didnt break retracement level of 24.45 couple of days back, again taking support from somewhere there. Average Delivery data of 10 days in NSEindia is 47.528 can add 6 rupees of target from the breakout point.

deepsimi Updated 

Lupin is on the way of creating Head ans Shoulder pattern , aggresive trader can go short on the basis of Doji engulfed by red bearsih candle today and safe trader can wait for the completion of the pattern and enter into it once it break the neckline.

deepsimi

After creating double top on Escorts daily chart, prices are likely to go down now, as divergence can be seen in RSI by tracing a lower second top. Retracements levels are highlighted on the charts.