On 4hr tf a falling wedge pattern broken and in 1hr tf the rising channel pattern seems to be broken on the downside which could possibly mean that the stock is ready for a retest at the 4hr tf falling wedge pattern's upper trendline and then continue it's uptrend. Below 830, the levels of 820 and 816 can be seen. If a big momentum candle closes below the...
Hdfc Bank has been making an ascending triangle pattern with resistance at 1520 in 1Hr time frame. If it crosses and sustains above this level with good volume then targets of 1550 and 1580 could be seen soon.
In 4Hr time frame BajajAuto showing Doji pattern with a long wick and increased volume. It could be the retest for the stock till the level of 3972 which also coincides with fib level of .618 at 3998. A candle close below the doji candle's low and other confirmation on lower time frames could give a good shorting opportunity. But if the candle closes above the...
Stock is currently forming a falling wedge and descending triangle pattern and is showing signs of support at 264-265 levels on a 1Hr time frame. If the pattern is broken on the upside till 275 could be seen. Upon breaking, 275 levels of 280 and 287 will be the next target. Upon breakdown, a fall till 253 and 250 can be seen.
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