NSE:AMARAJABAT has broken out it's channel with a strong bullish candle on 1 Hour Chart. Consolidation is done and NSE:AMARAJABAT was able to sustain above it's channel after breakout and then Momentum continued.
BAJAJ FINANCE has beautifully formed a inverse Head and Shoulder pattern on hourly chart which is further supported by Wolfe Wave. If stock goes above its previous day's high then it may go up with good momentum.
After continuous 3 downside impulsive waves now the RELIANCE chart has made a Wolfe's Wave with a beautiful breakdown of bottom line.
Furthermore, according to Price Action, RELIANCE has form a good reversal pattern by making a HIGHER LOW and gave a good closing near previous SWING HIGH. And if the STOCK now moves above its previous HIGH then it will enter into...
NSE:JSWSTEEL has already given a breakdown with RSI Divergence and pull back is done. The support is now acting like a good resistance. Therefore, next supports level for NSE:JSWSTEEL are drawn on chart.
ASHOKLEY forming a Head & Shoulder Pattern on Weekly Basis. It just took a rejection from its Neck Line area, which is really a very crucial level for the stock. Closing below the NECK LINE may open further downside for the stock.
100 is a very big support level for this stock physiologically, if stock gives a closing below it's Neck Line may take it to 100 and...
Technically: NSE:BAJFINANCE has broken it's major support with good volume on 5th October 18 after a struggle of some day. If the stock further moves below 1963 (low of the day) then the Next Support Level for BAJAJ FINANCE is around 1800.
Quantitatively: The Future Price of stock is discounting the Cash Price which further strongly indicates the weakness.