HDFC BANK forms a head and shoulders pattern on 1 hour time frame. Although the neckline is not broken yet. It has also forms a RSI Divergence .
A high probability that it may go heavily bearish after breaking the neckline.
It has been following a downtrend with a trendline, and now it is in a very crucial position as it is currently in a no trading zone. It has taken support from that zone. The top and bottom if the no trade zone box is the execution point. If it gives a breakout from there, take a trade.
It has been respecting its support and resistance. The levels of trading have been mentioned. We can go long if there's a gap up opening or breaks the level with a good momentum. Consolidated between 0.5 & 0.618 and gave a breakout.
Both for Intraday & Swing. Tech Mahindra has been consolidating for a 2-3 days. It can give a breakout either for long or short. No Trade Zones has been given, if it breaks either of it, it will give good targets.
Missed this stock. Had we been 2 days before, we would have taken a good profit from this. But there's still some hope. It can still reach it's 8th October high and might even break it as the IT sector is positive.
A symmetrical triangle formation in 15 minute time frame. Might go both bearish or bullish. The purple box is the no trade zone. If it breaks either top or bottom of the box with good momentum, it can be traded till the target mentioned.
Muthoot Finance is forming an inverted head & shoulder pattern on daily chart but the neck line hasn't been broken yet. If it breaks, it's a great trade with good targets. CNXFINANCE closed 3.89% above today.