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spvijay Updated 

Birlasoft has witnessed high delivery percentage in last 3 month and is among the outperformers.

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ITC has broken the steep trendine on weekly TF and probably is heading towards it prior breakout zone of 430.

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Post change in polarity of the falling trendline, Nifty has been taking support on the rising trendline.

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GE Power is a world energy leader that provides technology, solutions and services across the entire energy value chain from the point of generation to consumption.

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HDFC Bank chart parting is suggesting a ascending triangle formation. Since price is forming higher lows after every rejection from same resistance, the probability of an upside breakout is increasing.

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Welspun India Limited (Welspun) is an India-based company, which is engaged in the textile business. The Company manufactures a range of home textile products, primarily terry towels, bed linen products and rugs. Its segments include Home Textiles and Power. The Home Textiles segment includes terry towels, bed sheets, pillows cases, rugs, carpets and others used...

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Hindustan Copper Limited is engaged in exploration, exploitation, mining of copper and copper ore, including beneficiation of minerals, smelting and refining. The Company manufactures and markets copper cathode, continuous cast copper wire rod and metal in concentrate. The Company also offers copper concentrate. The Company's by-products include Copper Sulphate,...

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Everest Kanto Cylinder Limited is engaged in the manufacture of fabricated metal products, except machinery and equipment. The Company is also engaged in the manufacture of high pressure seamless gas cylinders and other cylinders, equipment, appliances and tanks with their parts and accessories used for containing and storage of liquefied petroleum gases and...

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Nifty closed negative this week but Nifty pharma has sustained it's breakout and given a continuation move hinting at relative strength in the sector.

spvijay Updated 

Post breakout price comes back to retest the breakout zone and bounces in case if it is still bullish. If it does so price hits a new high.

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Bank of Baroda is currently at a crucial breakout zone which also happens to be a trendline support zone. Price behavior at these levels is to crucial for either a support bounce or support breakdown.

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SBI is moving in a rising channel, facing resistance at 622 zone. Also there is bearish 3 candle stick pattern getting formed on weekly. For this to get activated price needs to start trading below the bearish candle. However rising channel offers support on the downside.

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BHEL is near the 2018 resistance level of 107. If price consolidates near 107 zone and gives a breakout a bigger move on the upside can be expected.

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Whenever price reaches breakout zone, it creates 2 possibilities either breakout zone is retest again and price bounces OR price goes below breakout zone which is often called as fake breakout. Price will tell the story. Just follow the price.

spvijay Updated 

Change of polarity zone coincides with 61.8% retracement level for the swing under consideration. Hence this zone acts as strong support. Current price action may test this support zone.

spvijay Updated 

Lupin has given a good upmove prior to result and is currently at resistance zone. Caution on longs at these levels is necessary.

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Airtel on weekly TF is moving in a wedge pattern. 888 is the immediate levels to look for. Price behavior at these is crucial for an upmove or downove. Targets are clear as per the chart either upper channel or lower channel.

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Sun pharma is approaching a multi year resistance zone of 1200. Weekly chart is hinting at a classical rounding bottom chart pattern.