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Bharat Forge after trading in down trend, has been forming a cup and handle pattern,it has broken the handle and seems to have established up trend from here and may see the target of 1146 in the couple of months. traders may enter long in this stock with a first target somewhere between 968-970 in near term.

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HDIL trading in bearish channel and it suddenly open gap down on 9th Nov due to bank note ban and touched its long term support and retested again the level 56.00 but has been unable to break which seems it is not willing to break support. we may see upside movement in the stock till bearish channel resistance 61.00.Traders may go long on HDIL with a target of...

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Aurobindo Pharma is trading in the bearish channel since breaking the uptrend, om Monday market open will decide it further direction, it may go either way, if market open red, it may retest the support 680.00 on the other hand if market open green it will go towards channel resistance 760.00, the game is 50-50. traders may wait to see where market is heading on...

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GBPUSD the strong currency fell nose down on brexit, and has been remain in down trend since brexit, now it is gradually trading in upward direction, there is a good buying opportunity to enter long at 1.24124 in this pair with a target of 1.28063 in near term, traders be cautious of breakout downward as the pair doesn't seem too strong to hold the uptrend but...

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EURUSD after a month down trend and uncertainty over US presidential election outcome the pair has been remain under pressure and after Trump's win dollar getting strong. The pair has been forming a falling wedge pattern which is about complete and to turn, the pair may breakout upward, risky traders may go long in ERUUSD with a target of 1.08469 as first target...

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USDJPY after a big bull rally sees to be looking faded. it has been trading in bullish channel. also it has retraced to 110% fibo level and also a strong resistance is seen at 111.03. traders may go short in USDJPY at slighly higher price or wait for breakout channel downward with a target of 107.79 in near term.

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Zee Entertainment Ltd. broken its long up trend journey at 520 and retested this level several days to move upward direction but has been unable to confirm breakout,it has also formed a bearish flag pattern and we may see the target of this stock around 440.00 to its long term support. trader may go short from this level or wait for till slight upward around...

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Nifty broke its long up trend journey and turned bearish and had been continuously trading in bearish channel which also broken and now it is approaching crucial 50% fibo level 7959.00 in near term. Traders may go further short in Nifty with a target of 7959.00 in a week. at this level Nifty may see some upside movement up to 8250.00 which is now resistance.

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Tata Chemicals after breaking the up trend has been trading in bearish mode and formed a falling wedge which is bullish sign, It is on the edge of breakout and may break the wedge pattern upward any time. There may also possibility to go further down to retest again if market open red and can touch the crucial 50% fibo. support again 448.00 finishing weekend....

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Tata Steel has been trading in bullish channel respecting support and resistance aalthough there have been small false break but it continued in the same direction, it has already touched its channel support and there is still a buying opportunity, Risky traders may enter long at CMP with a target between 440-450.conservative traders my wait as if market open in...

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Vedanta Ltd. has been trading in bullish trend and trading in a channel and seems strong enough to go further upside with a target of 240 as channel resistance. traders may go long on this stock slightly lower price for better entry price. It closed on bullish engulfing candle stick pattern which is good as buyer have taken control.

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HCL Technologies has been trading in bearish channel from several week after a false break it continued in downward direction, we may see further down ward in this stock as it is approaching to its channel support which is targeted at 720.00 in near term. Risky traders may enter short at CMP,conservative traders may wait for some upside movement if market go green...

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HDFC Bank after breaking up trend has been trading in bearish channel from several week, in spite of breakout it could not sustain the trend reversal and turned false breakout and today closed within the bearish channel again. now it is again in the same bearish format, traders may short at CMP with a target of around 1195-1192 as its channel support and look for...

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ICICI Bank trading in a rising channel respecting the support and resistance, it has been approaching to its channel support with a target of somewhere between 250-248, As the bank nifty has been under pressure and doesn't seem strong enough to go upward. it closed on forming doji means undecided whether go upward or downward but there is a strong changes are...

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Reliance Industries after breaking up trend traded in bearish trend and formed a falling wedge, it has made false break down side but closed within the range. It seems the stock is on the edge and can go either way, if breakout occurs upward it may target of around 1050.00 on the other side it may break further down side to a target of 931.00, Traders may wait and...

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Tech Mahindra after breaking down trend channel has retested the former level again and its a good opportunity to enter long on this stock. it has confirmed trend reversal and now trading in bullish channel, Risky Traders may enter long at CMP with a target of 471.00 and conservative traders may enter slight lower price for better entry and small stop loss, in...

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Mind Tree trading in a bearish trend for long time and it seems to have been preparing to breakout the falling wedge pattern to move upward, today it has touched resistance but unable to make breakout. As the Nifty is under pressure and panic in market also due to ban on bank notes it doesn't seem to breakout. we may see further downward after touching the...

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Exide Industries has been trading in bearish channel and trading in range between trend line support and resistance. we may see some up side movement up to its trend line resistance and fibo 23% level and short again from there with a target to its support. if market open red trades may wait to enter long slightly todays low around 170-172 and enter long with a...