ONGC Flag/ down-trending Channel breakout. 119.5 PIVOT/ make or break of the trend.
Similar pattern in ITC attempt for BO, but none for BD. Now the question is CAN ITC DO WHAT INDIGO DID FROM 200DMA?
Keep an eye on Indusind bank symmetrical triangle breakout on daily & trend line breakout on weekly. 978 is PIVOT.
HAL one of a key defense listed stock is sustaining at its previous ATH. Until its above 1351 PIVOT, trend likely to remain bullish & we may see a BREAKOUT above previous ATH.
OIL vs ONGC (both PSE) is at ATH ratio is @ 1.6, 1.5-1.6 is resistance zone/ reversal zone & near 1 is support
REALTY/NIFTY50 ratio chart is on a cusp of 200DMA & Symmetrical triangle BO
REALTY INDEX on verge of INVERTED HEAD& SHOULDER BREAKOUT.
HDFC LTD has been trading in a range& the range is getting narrower day by day that its ATR(11) almost at lowest in this price range in last 2years. Since the stock has done nothing in last 6 months so its likely to give a trending move on either side, in symmetrical triangle BO/BD will help to decide the direction of the move.\ 2513 will be pivot for it.
ITC is approaching the trend line resistance on weekly & daily, keep an eye for BREAKOUT
MEDIA index can bounce good if it didnt get followup below the previous bearish candle