i have done in depth analysis of Granules India daily chart. Hope you like it. Kindly press like button if you do. Thank you.
1. Granules daily chart since March 2022 is presented here.
2. Granules display a classic double bottom double top pattern, indicated by the letter W.
3. on the downside, it took 23 bars, or 36 days, to go from a high of Rs.327 to 237, a...
on 1 hour chart, HCLTech clearly has a cup and handle pattern, showing bullishness. from 8th July to 2nd August, it gyrated from 972 to 872, and back again. a clear upmove of 100 rupees in a short span of 20 days. I predict this uptrend will take HCL tech to at least 1070 till 31st August.
Standard disclaimer applies. I am not authorized analyst. this is my...
Tata Consumer NSE:TATACONSUM CMP 804, has a strong supply zone at 832, 852 and 885 rupees. once it crosses these resistances, it may go up to 950 very fast. unlikely in August series, because of general headwinds in FMCG food sector.
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Banknifty NSE:BANKNIFTY has formed a W pattern on daily timeframe, over 60 bars, that is in almost 3 months. this is a classic reversal pattern. today BN has broken above W line. so it should break previous high of 39000 in next 3 months.
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Banknifty NSE:BANKNIFTY1! has formed a nice cup and handle pattern at 1 hour chart, BN current price is 35360. in my opinion, BN can be bought at CMP for a target of 36000, with a stop loss of 34800, Risk to reward is 1:1. Thank you for reading.