Titan is currently in consolidation with kind of rising wedge formation.
A breakout & closure above 2700 supported by good volumes van induce a new upmove cycle.
Currently whenever the stock interacts with trendline, we see pinbars, signifying lower price rejections.
Jamna Auto NSE:JAMNAAUTO forms a Reverse Head & Sholuders Pattern on weekly & daily timeframe.
After breakout of neckline, it retested the neckline again in last days.
As per the theory of Head & shoulders pattern, it should be on its way to attain Head height from the neckline so we could be looking at the targets of 75+ in the script.
Good entry levels can...
DOW JONES INDUSTRIAL AVERAGE CURRENCYCOM:US30 is trading in Rising Wedge Pattern since long.
The trading zone has been contracting ever since & has now converged to a mere 200 points range.
The index has tried to breakdown of the lower line a couple of instances but bounced back well in range. However, it was never able to break out of top range.
Now we are...
PNB NSE:PNB recently had a breakout from resistance levels of 38.5 from which it faced rejection thrice earlier.
On the daily timeframe, the script had earlier broken out of long term down trend line making Double Bottom at 26.5 levels.
PNB broke out of 38.5 resistance levels on back of high volume & reversed from the same levels after testing the levels on...
HDFC Bank NSE:HDFCBANK seems to be forming a Head & Shoulders Pattern on a daily timeframe .
With a neckline around 1360-1365 zone if the pattern completes, we may see next incoming target of around 1250 which was earlier resistance.
In case further breakdown, the next major support comes at 1150-1170 zone.
HDFC Bank NSE:HDFCBANK seems to be forming a Head & Shoulders Pattern on a daily timeframe.
With a neckline around 1360-1365 zone if the pattern completes, we may see next incoming target of around 1250 which was earlier resistance.
In case further breakdown, the next major support comes at 1150-1170 zone. NSE:HDFCBANK
