As you can see in the chart. If we crosses above resistance of horizontal trendline marked in the chart we can see huge upside movements in the coming week. Keep a look at the nifty IT sector in the coming couple of weeks.
Ushamart is given multi year breakout. This is the weekly chart of the Usha martin and has broken the trendline resistance even the horizontal resistance. Buy it now or on dips till it comes to support. The levels mentioned on the chart are Fibonacci levels and are working very well. You can buy now and hold for short term in the near future.
Just a recent observation during back testing of HDFCBANK that every imp level is placed at near 5-6% upwards. It can happen with any other stock also but this is my kind of observation in this stock only. HDFCBANK chart is the most clean and neat chart i have ever seen personally. Beautiful and clear movement in the whole chart.
Tata Power is the most hyped stock right now. it was getting rejected from the trendline from the past couple of years as you can see in this monthly chart. Finally it has broke the trendline and moved forward after retesting the trendline. You can add it anytime now and hold for the target of its all time high.
Eicher motors has formed a very famous pattern of Head and shoulders and got reversed from its support but it is also taking a retest from the trendline of H&S. Can it be reversed in the coming future? Keep a look!!
Reliance has given a good breakout on one hour time frame and it has continued to move upside after that. Currently it is at resistance point, keep a look for tomorrow opening. If opens gap up, then wait for price action pullback, and if it open gap down and then move upwards and breaks the resistance then go long with full power.