BPCL has been making consistently Higher Highs and Higher Lows and the Bottom Support Trend line is providing good support.
Now after making a Higher High on 9 June the price has been falling and it is near the support trend line at around 440.Now we have to see whether the Support holds and the trend changes. There is also a Bullish Divergence.
Keep a sharp lookout.
BECTORFOOD has fallen to a low of 328 in March 2021 and has been Bullish since then. It has reached a High of 445 in June and has retraced from the resistance zone at 442-452 range to a low of 395.
Now it has reached the resistance zone again and has made a Bearish Pin Bar that is half of the Evening Star Candle Stick Pattern. There is also a Bearish Divergence....
NTPC is making an ascending triangle pattern from 4th June 2021 and is on the verge of breaking out.
Can go long above 121 with a High Volume Breakout and retest for the following targets.
From a massive fall in February 2020 from 1340 to a low of 235 it has gradually moved up in the process making a Triangle Pattern and has been faithfully following the Support Trend line and has not troubled the Resistance Trend line much until now.It did make an unsuccessful attempt to break the resistance Trend line in Feb 2021 and immediately tested the Support...
Granules had been moving in a Downward Sloping Channel from December 2020
.It had a strong support at around 299-305 range and started to gain momentum the past few days and today it has broken above the upper trend line smartly with huge volumes and is near to another resistance zone at around 367-377.
It has to cross this zone to reach the following...
Taking the Weekly Time Frame it is making a Round Bottom Chart Pattern from July 2015 onwards and broke below 1220 range.
On the Daily Time frame its making an ascending Parallel Channel Pattern from October 2020 onwards and mostly keeping within the Trendlines.
On a 60 Minute time frame it has reached the upper Trendline on 17 Jun 2021 and has started...
Rain Industries formed a Cup with the resistances at 224-234 range and a bigger cup with the resistances at 390-403 range. It was also moving in a Parallel Channel from November 2020 and it has smartly broken out with good volumes. I have off loaded a part of my holdings at 220 and the rest I would be looking for 400 as my final target.
It has to break the...
Hindalco has been falling from its ATH of 427.50 from 10th May onwards and has made a Falling Wedge Pattern.
It has broken above with good volumes but the point to note is that it has gapped up and made a spinning top like candle in the 1Hr and 2 Hr candles which is half of the Evening Star Candle Pattern. So in the short term it could see a reversal.
ITC has been moving in a Rising Parallel Channel from March 2020 and it has been respecting the trendlines perfectly.
From making a high of 239 it has found support at 196-199 levels and has reversed from there. Now the support zone and the Bottom of the Parallel Channel are coming together and if this support holds could see a decent up move.
The volumes are...