After being in the Downward Channel for some time, SUNPHARMA gave a good volume breakout. After giving a breakout on the 1 hr time frame, it formed an inverse head and shoulders pattern. And today, i.e 17th November, it broke its neckline. Due to these factors, I am long on this stock. I have also given a target which I think would be met in this week. This stock...
Reliance Industries for the past two days is in a range and with a earnings report coming up it can give a breakout or a breakdown. In the chart I have give ranges for both sides with targets. With the movement it can break the black bold lines which acts as resistance on the long side and support on the short side. But I think these lines can be broken easily and...
Bandhan Bank has been into a triangle formation in a daily time frame. After a big sell off some days back, Bandhan bank seems to go back up. If there is a breakout, there is a big resistance around 328 - 330 mark. And if this resistance breaks, then the first target on the chart is 340 mark.
If there is a breakdown, then there is a support at the 285.
I have a...
CHOLAFIN has a major resistance around the 250 - 255 mark. It needs to break this resistance with good volume. After I think its going to retest the resistance which is now acting as a support. It is forming an ascending triangle formation on the daily chart and I personally have a bullish stance on it.
This is the first time for me posting the chart publicly and...
