Its been observed that Tatasteel breaks the lower support channel line of pitchfork pattern. This might further goes down.
SL: 501 (On closing basis)
Chart is published based on observation and for learning purpose. Trade with care. Regards !
Its been observed that COLPAL is facing resistance on weekly uptrend channel which got breached in between and then come back. We can see selling pressure in coming days.
SL: 1070 On closing basis.
Note: Charts are published for educational/learning purpose and used for trading will be self decision.
Its been observed that Union bank is at very crucial level of 171. Its nicely followed pitchfork structure in past. This will go down if it breaks (close below) 171 level on any hourly candle. If trade gets active, following levels can be seen. Please note, we can't ignore the upside move also from here. Trade on your judgement. Cheers !
HINDUNILVR - Facing Resistance on rising channel upper line. This might give some points reversal.
One can short at current level for TP: 935 with SL: 965 on closing basis.
Note: Charts are published for learning purpose. Research your own before taking trade.
In recent past DABUR India was facing tough time to breach 280 levels and sustained. Today it crossed this resistance and looking positive on long side. This might go above in my opinion. Buy above 284.5. TP 300. SL 275 on closing basis.
On daily chart, looks like CEAT is making TRIPLE bottom @ levels of 1100-1120.
Also, downward trendline is broken out, chance is to go up.
SL: 1155 (On closing basis).
Published for learning purpose. Trade with care.
Its been observed that BATAINDIA made a Cup and Handle Pattern. 460 level played a very important role. We can expect this to move more upside.
SL: 455 on closing basis.
Note: Pattern drawings are for learning purpose. There may be difference in opinion for calculation on size of cup and handle. Still learning.
Its been observed on weekly chart for ENGINERSIN, that from last 5 years, its tried to touch 160-170 levels 3 times and never closed above 170 (On weekly closing basis). This stock is in uptrend from quiet sometime and reach to this resistance.
Currently its trading at same resistance level and showing the southward direction. There is good opportunity to short...
Its been observed on daily chart that CAIRN is making double top at 270 and facing strong resistance on 270. Today 17/01 candle wipes out last three days gain.
This might further go down. Short at 262 levels on pullback for TP of 250 and further 240. SL should be 271 on closing basis.
Its been observed on daily chart that DABUR india is facing resistance at 280 levels.
Also, this is 50% retrace level from last year January, showing resistance.
A SELL can be initiated below 270 for target of 260.
TP - 260
SL - 280 on closing basis.
*Chart are published for learning purpose*
Mindtree showing weakness and today closed outside the daily Channel. Considering it as breakdown, Sell can be initiated between 497-500. This might go further down.
TP - 480
SL - 505 (On closing basis)