The stock has formed a cup and handle pattern and has faced resistance several times at 1868 levels . also a small cup and handle pattern is being formed under the big one the stock can give 30 % returns in no time also the volume has been unprecedented
The stock has faced a major resistance from its all time high is expected to fall till the 580 level
The stocl has followed a channel since beginning and in continous range bound setup 49-153 is the perfect range for the stock however this time the stock can breach the 153 rs mark as it has given a breakout from cup with handle pattern and also more the freqency of the touch of price to resistance can make it weak and a potential opportunity for breakout
The stock has been very loyal to trend lines and is an excellent pick for postional and swing trade furthermore it has taken a strong support at 500 and now only thing i can see is green candles
PATTERN- The stock is forming a vey long and reliable rounding bottom also some small patterns like cup and handle and inverse head and shoulder can be spotted which further enhances its accountability
PATTERN- another day of cup and handle hunting and hdfc life is showing some promising pattern formation it has been in long consolidation and has dilligently followed a range and now is the time to yield the return of patience . it is a classic example of complex cup with handle pattern TARGET - the stock can reach towards 880 levels in no time
PATTERN-The stock is forming a cup and handle pattern under which the cup is ready and tocuhing the 2012 level will mark the end for it , if the 2012 level is broken the stock can give a rally of 42% and if it faces resistance at 2012 it will make a handle and than take a rebound TARGET- target for short term will be -2012 target for long term will...
PATTERN- The stock has consolidated for very and followed a channel since few weeks which is also range bound trading also on larger scale it has formed a descending traingle which is a bearish pattern but it can act as reversal on other side as well which is quite evident in infosys TARGET- Imeediate target can be 1640 and further breakout from there can give...
PATTERN - the stock has formed a year long consolidated rectangle which just follows range bound trend . the stock is ready for potential rally with unprecedented volumes. TARGET - for time being the stock can rally till 500 levels in no time and furthermore if it penetrates the resistance it can returns till 620 FUNDAMENTALS - The company is owned by west...
Nifty has taken a crucical rebound and is expected to touch 19983 in coming weeks
the stock has given a stong breakout with mamoth volumes . the stock has given breakout on daily candles and has broken from cup with handle pattern
there are 2 major patterns formed in the stock for long term and short term.for the short term a cup with handle pattern is formed 547 can be immediate target furthermore resistance can be faced from that level.another pattern which is in process is rounding bottom which can give smooth returns
jindal drilling has been in consolidation of a very long cup and handle pattern also the resistance has been tested 4 times which make it easy to penetrate furthermore the stock can rally easily till the 666 levels in no time to complete the pattern . compiling it all leads to 666 as immediate target 1299 on longer ranger frame
The stock is consolidating in a wide range since november 21 . Also it is rushing towards crucial resistance of 899 if this resistance is broken a long rally can be witnessed in the stock till 954 also the resistance has been tested 5 times and this will be the 6 th time which makes it more vulnerable to breakout.
nadadq 100 has a good support at 14691 a possible rebound is expected however breaking of this support would mean a strong bearish trend but the odds for this is quite low
19420 and 19335 have been a crucial consolidation zone for nifty earlier also in july it consolidated and gave a long rally also the us markets are taking a support .
the stock has repeated this pattern in past and now patience is going to reap benefits 524 was immediate support where stock consolidated for long time also the volumes are unprecedented 620 and 723 can be immediate targets
daily chart of nasdaq 100 has broken a crucial support of 15294 and now a bear run is expected at the wall street which would have a similar impact on dalal street as well