I have drawn here support and resistance line with candle stick chart. Near 1555 is support which is mid term support line . And saw that there is price resistance in same zone previously with charts and if break that level in downside then we can see some good correction n hdfcbank. If you see candles last 5 days lower high formation is happening means downside...
Nifty Short analysis: 1) Rounded Top 2) Over stretched in one direction 3) Seems Price correction rather time correction or sideways 4)Technical Indicators also suggesting some good falls 5) Channel Top reached
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HDFC after long consolidation of 8 months looks bullish near breakout of descending triangle. But immediately it got resistance after breakout and breakout retest happened. Chart pattern and technical indicator is suggesting money flow inside HDFC hence will be bullish in mid and long term. as consolidation happened long like 8 month so breakout move will also...
Niftybees long term weekly chart is looking good Weekly chart is in upward slope Technical indicator is positive You can do monthly SIP in Niftybees if you don't know stock market fundamental and technical analysis. 10 years target is 2-3 times from current market price.
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Granules analysis : Here We can see Granules is making LH LH and HL HL pattern means symmetrical triangle and breakout containing with higher volume is good sign that Granules will go upside but there is another resistance line which is forming ascending triangle. So first breakout should have follow-up candles with good volume that lead to ascending triangle...
There is two pattern. Symmetrical triangle and descending triangle. Clearly we can see symmetrical triangle breakdown happened now price is ready to test descending triangle support zone. When Breakdown happened Volume was very much high prom previous days and weeks means stock is week and ready to go more downside.
Looks like triangle breakout within rising channel in already existing rounding rounding bottom formation. If this rising channel midline cross will happen by script then we can see price rise till 135 with SL below 122. This kind of trade is very short in nature like same day in out . take 2%-5% of gain and move as still consolidation is happening in bigger time...