Note: This is for educational purpose only. Escorts seems to have broken the resistance. Resistance turned into support. "Bullish engulfing" candlestick pattern formed after 1st pullback to resistance turned support line. This is an indicator of start of a fresh trend. If the price of next candle closes above high of current candle. This will be a confirmation...
Note: This is for educational purpose only. There is a wedge chart pattern formation on daily charts. In such case, there can be an upper or lower breakout. Best is to wait for the price to break out in either direction. RSI is below 50 so momentum seems to be bearish but this alone should not be used to determine the breakout. Long term support and resistance...
Note: This is for educational purpose only. There is an ascending triangle formation in Ambuja Cement which indicates that buying pressure is more. Moreover, there is a Bullish Engulfing candle stick pattern formed in the last 2 candles.
Note: This is for educational purpose only. There is bearish RSI divergence in Dr Reddy. The price direction is contradicted by RSI direction. There might be some correction in price. Let's see.
Note: This is for educational purpose only. There seems to be a formation of "Cup & Handle" chart pattern formation in SBI. There is a "Bullish Piercing" candle stick pattern. Price will move up if next candle closes above high of the current green candle.
Note: This is for educational purpose only. Formation of Ascending triangle in SRF. "Bullish engulfing" candlestick pattern formed at support of Ascending triangle. Price should move further up once the upper breakout happens.
Note: This is for educational purpose only. There seems to be a breakout on higher side in Naukri. Candle stick pattern "Bullish Engulfing" while breakout. Moreover, there is a rise in buying volume as well.
There seems to be a bearish RSI divergence on daily chart of Reliance. Price is making higher highs whereas in the same time period, RSI is making lower low. This view is completely for educational purpose only.
Support at 9600. Showing similar support at RSI.