NSE:APOLLOHOSP price action has recently created a bullish divergence on chart and can rise from its current levels to 1030-1038. Once it crosses the descending wedge pattern it is likely to go to 1100 and higher.
NSE:AJANTPHARM price action has formed bearish divergence on daily chart and is due for correction. We might see it retracing to test 1455 level and can further breakdown 1455 to find support on 1405 which is a trendline support.
Thermax has clearly broken out of the c&h pattern and is expected to go to the usual c&h pattern target projections.
Target projections are shown on chart.
Trade after u do your own analysis of the stock.
ZEEL have bounced back from its channel top today indicating some resistance there but RSI downtrend has been broken and flag pattern consolidation phase has also been broken.
Flag consolidation breakout with high volume, RSI downtrend breakout and resistance at channel top gives mixed signal whether it will reverse from the channel top or whether it will...
FLFL has been consolidating for some time now, squeezed in very a narrow range.
Stock has had volume surge today with high delivery percentage of 96%.
Buy as close to 315 possible. Accumulate before it starts its next rally. We might see some action in this week or in next week for sure.
Note :This is my view about this stock, please carry out your own...
Price action is trading at support levels and has formed bullish RSI divergence.
Falling wedge pattern might be broken out soon as price is repeatedly getting supported at 1585-1590 range.
2 spinning tops formed recently with significant volume considering other volume of candles in the vicinity. Spinning tops suggest indecision.
Volume declining with price,...
FEDERAL BANK may complete inverted H&S tomorrow. Price action sustaining above 114.85 will confirm upward move towards 117.2 with some resistance at 116.
Enter above 114.85 with SL 114 and targets as 116 and 117.2.
All on charts.
NSE:BANKINDIA has already broken resistance near 164 with significant volume. If it breaks on the upside of the triangle as shown in the pic below, there is no stopping it from going to 177-179 levels.
Price action has been trading in a descending triangle pattern after a sharp up move. Also retracements are weakening which indicates a possibility of trend reversal. Once closes above 333, one can initiate longs with safe SL and ride as it goes up. Beware of fake breakouts, has been common nowadays.