CASTROL has formed a h&s top after breaking out of a wedge pattern. Can move to levels of 90 if closes below 120 . Possible short with SL 128.
GRASIM after breaking out from a wedge has been forming a narrow range for sometime. Expecting explosive movement below 498 with SL 519 . Targets 400 in coming days.
INDUSIND bottoming out beautifully but needs to close above 480 . Breakout looks likely similar to TCS as supported by volume , good signs of accumulation. Expected to run to 660-665 levels .
GAIL looks good for testing the levels of 103-105 after forming consecutive double bottoms on two separate occasions. Can buy on pullback to the structure for target approximate height of the range.
RBLBANK looks good to test the levels of 160 and 180 after gapping up and closing above the double bottom neckline with good volumes. SL 100
BANKNIFTY looks good to test levels of 24,000 . Managing good breakout above the cup and handle pattern. As long as 19,000 holds . Views already discussed two weeks ago in youtube videos.
TCS has been forming an ascending triangle beautifully after repeated top attempts and forming higher highs . A good long candidate with SL 1670
TORRENTPHARMA looks good to test highs after retracing and breakout from the flag pattern. Can go long with SL 2200 and target 2680.
UPL has broken out of a flag pattern after forming a double top and expected to test the double top highs of 380 and then 390. Can go long with SL 335.
ZEEL has broken out of a month range with good volume , good long setup for targets approximate height of range.
#tatasteel #nifty Descending triangle breakout , would look for short at rise for test of support levels .
#srtt #nifty SRT looking strong , expecting to test levels of 1350 , smooth strong uptrend .
ONGC looks good for long till 118-120 levels with SL 101.50 .
RBL forming a sloping h&S bottom after a bear trend. Looking strong after forming right shoulder. Good long opportunity once it breaks the neckline.
#ibulhsgfin #nifty swing short setup ,failed breakout above the triangle . Can sell with SL 335 and target 168
Details mentioned in the charts .
Details mentioned in the charts .