kodisumanth

kodisumanth

TCS looks like one of those stocks which seems to have recovered very fast from the effect of pandemic situation and return to its previous trends. Before pandemic TCS was forming an ascending triangle which is a bullish continuation pattern with resistance at 2290. The pandemic has crashed the stock by around 20%. But it took only 4 months for the stock to return...

kodisumanth Updated 

Earlier a descending triangle pattern was formed but failed to break downwards. Now again the same pattern seems to be forming taking the same support level of earlier descending triangle. Looks bearish in short future.

kodisumanth

After forming an ascending wedge pattern for 2 months, the stock seems to break downwards. But if we closely observe the 1 min chart of past 4 days which forms a descending channel pattern, the last day seems to come out of the channel and form a hammer. This could mean a pull back from the break down and possible short term uptrend. Alternately the overall one...

kodisumanth

Jyothy Labs seems to be forming a rectangle pattern with volume decrease. Resistance and Support are touched at least twice. This is close to textbook definition of rectangle pattern.