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
A Bullish Flag Pattern Being Formed on Maruti. Can go Long when it breaks the upper trend line for a Target of 5600
1346-1360 will prove a resistance. So can buy above that for a Target of 1450.
Bearish Divergence on the short Term. Since the price action is above the 200 EMA we have to be looking for long opportunities and will have to wait for the pull back and then break above the resistance in future to go long. The nearest major support is around the 378 levels and we have to see if it comes down to touch that level before making a break above the...
On the shorter time frame like intraday can short
TCS Has broken out of the triangle on 13.3.2018 and then pulled back to touch the line. Waiting for it to bounce ro the negative. Please comment