surya89trade

A break and close above neckline would confirm the pattern. The target for the same will be 298 and stop will be below 240 on a closing basis.

A break and close above the neckline will result in a Inverted H&S target of 2765 with a stop below 2600.

Explained in Charts . A hourly close above neckline is a must.

Explained in charts

RELIANCE has given breakout and weekly close above 1000 levels. This opens up potential upside target of about 1450 in coming weeks. A close below 960 on weekly basis can be used as stop.

Range Bound ... Can initiate shorts with stop above 1000 on closing basis for target of 880

A divergence seems to be happening.

A break and close above 316 on hourly basis can confirm Inverted head and shoulders. The target for the same would be 340.

The first support for BANKNIFTY comes at 25700 levels . This can be used as a buying opportunity with a stop below 25500 on closing basis.

Looks like today's rally was a re-tracement to the breakdown in daily charts. A close above 24500 (spot) on daily charts can be used as stop by shorts.

Explained in Chart

Explained in Chart

Explained in Chart. Confirmation awaited.

Added as note in chart.

The S&P500 futures in hourly time frame has given a strong divergence in oscillator, indicating the market might bottoming out. Though it is very early, the setup indicates a good chance for bulls to charge again and the break above neckline would confirm a double bottom.

Government push to affordable housing can act as a good long term support for the stock . The trendline has held in the longer time frame and looks a good entry for long term investors.

NIFTY though has moved above 10340 the cut and follow through rally are not convincing enough. Though in hourly charts it has held the upward sloping trendline the lack of momentum at higher levels is a concern. Still holding longs with stop below 10250 (spot) on a closing basis.

ITC after long downtrend finally formed a higher high in hourly time frame. Also the stock moved above by forming a continuation bull flag pattern which gives a potential upside target of 268 with stop below 252 and trailed higher below the rising trend line.