MAHINDRA & MAHINDRA is forming a Triangle Pattern. After a good up move it can be corrective wave, and it is constantly taking Support at previous Resistance. There are some more reasons that probably it can give breakout, but, I am not mentioning them, check on smaller time frames as well, and take trade only after your system or rules give confirmation. And...
VEDANTA LTD is at very crucial level, It is forming a pattern from last 11 years. It can move to any direction, take trade after confirming with your rules and system, check on Weekly, Daily and other smaller Time Frames for better and clear understanding, as it is also taking support from moving averages on different time frames.
MOREOVER, TRY TO LEARN SOMETHING.
NMDC is forming a wedge pattern on weekly time-frame, and it is a 7 year pattern, it is also getting good support and resistance, Bullish breakout is possible and very good move can be expected.
Analyze properly on your own basis before entering, this is not a call, it is only my view.
USOIL can give bullish breakout, because it is forming bullish wedge pattern, and because of this we can expect same from CRUDEOIL too, on Tuesday. But we can not predict market, so we have to keep analyzing, it can also give bearish breakdown.
It's just my personal view, not a call.
USOIL is at very crucial area, from here it can either go up by breaking the major resistance or come down by respecting it, just keep analyzing.
It's just a personal view, not a call.
USOIL has broken the higher time frame trendline, so we can expect a simple bullish move in USOIL and Crude Oil, as it is facing some resistance in smaller time frame resistance (shown above), it can break that level too.
It's just a personal view, not a call.
