eastwind65

eastwind65

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...

eastwind65

Its just come of a Rising Wedge Pattern which was a bearish Pattern and now making A Cup Pattern. Go long above 672 for a Target of 705

eastwind65

Canara Bank on the Verge of a Breakout of the downward sloping channel. It has just reversed from the upper trend line of the Channel and is having a short term trend line support and if the trend line support holds can make a breakout above the channel and will provide an opportunity to go long for the following targets. T1-165.75 T2-174.60 Look to go long on...

eastwind65

Ashoka Buildcon has been moving in a Long Term Triangle Pattern and has been having very good volumes lately and is on the verge of a breakout. On Breakout can give targets of T1-119.45 T2-137.95 T3-153.95 Keep on your radar.

eastwind65 Updated 

Glenmark forming a Rising Wedge Pattern- Stay Invested or Exit. A Pattern within a Pattern. A long Term Rising Wedge Pattern and a triangle pattern within it. To go long it has to break the triangle pattern first and the 52 week high at 658.20 and the trend line. The RSI is also falling. Iam in a dilemma whether to exit now or to wait for my Target at 705.90.

eastwind65

Bank Baroda made a small retracement from the strong resistance zone at around 83-86. and has now managed to break with a strong green candle with high volumes. The hourly chart shows a gravestone doji candle so can expect a retracement to the resistance zone which has turned to a Support Zone. Can go long on a Bullish confirmation candle for...

eastwind65

BPCL has broken the Long Term TL and has also retested it and the support zone near 464-469. A bullish confirmation daily candle is required to go long. The RSI is also in an oversold position. The Short Term Hourly chart shows that it is in a Falling Wedge Pattern. So a break above would be a good time to enter the stock for a Medium Term Target of 536.

eastwind65

Vodafone Idea making a cup Pattern. Vodafone Idea was moving in a Channel from June 2020 till April 21 and started making a Cup Pattern. There is a strong resistance at 13.30-13.80 from where it reversed earlier. The next resistance is at 11.85. So a decisive break and retest above 11.85 could provide an opportunity to go long for a target of 13.50. Put on watch list.

eastwind65

IBULHSGFIN  at an important support area around 246-253. Will it hold. IBULHSGFIN  has been ranging in a Channel Pattern exactly for a year making a 52 week High at 313.70. Now it is in a downward direction and very near the support. The RSI is also moving towards the oversold area. So we can expect a reversal in the near term for a short term target of...

eastwind65

Bandhan Bank Broke out of a falling Wedge Pattern. Bandhan Bank has been continuously falling from January and has now started to reverse. Can go long but have to wait for a retest to the support Zone at 318-326 or the orange trend line before taking a decision. Can give a RR of minimum 1:2.4 T1- 364.80 T2- 424

eastwind65

Its made a cup and the handle is being formed. The next support would be around the 38-39 mark. Would have to see if it takes support and bounces back to go long.

eastwind65

L&TFH Poised to break Long Term Trend Line and strong resistance @100.50. It has made repeated attempts to break and if successful can go Long on break and retest. T1-124.65 T2-145 T3-171.85

eastwind65 Updated 

NB Ventures is poised at an important resistance zone which has been tested earlier too. If it crosses this zone then we can expect a good rally from here. Kindly note that the BV is around 268 and PE is only 3.55 while sector PE is 20.Keep on your radar.

eastwind65

Will ZEEL break the resistance or Not. ZEEL has been consolidating from 24 March 2020 in an ascending Parallel Channel. There is also a long term Trendline @231.80  which would act as a strong resistance. So if it breaks them then we can go long for T1 - 262     T2 -304.

eastwind65

Bank Baroda is at a Strong Resistance Zone. We have to wait and watch whether it breaks the Zone to see an upside. Keep on Radar.

eastwind65

ICICI Bank is forming a reverse Head and Shoulder Pattern on a 2 H time frame. The next support would be between 309 -311. There is also a negative divergence on the RSI. Can go short on Monday

eastwind65

A Bullish Flag Pattern Being Formed on Maruti. Can go Long when it breaks the upper trend line for a Target of 5600

eastwind65

1346-1360 will prove a resistance. So can buy above that for a Target of 1450.