Bear trend channel can break out on the upside any day now, has been consolidating in this channel for quite some time
Hindalco after slipping out of the bull trend channel is now again bullish after a VCP formation
NIFTY FMCG can breakout from here looking at the key stocks from this index.
HDFC seems to be taking support near the previous accumulation zone, and now going for retest. also a huge Cup and Handle type structure is getting formed.
Good bar printed in Adani Ports today, can see some continuation ahead, supply line is overhead, the break of which can lead to further move.
Tata Motors trending in this uptrend channel, with bulls in control at the moment, any dip to the supply line or a good price action at vwap level intraday can be used to accumulate
Tata Chemical good breakout of the resistance with good volumes
Divis Lab can be a good risk reward positional trade/investment with SL below the demand zone(highlighted in green)
Wyckoff Accumulation is clearly eveident here, price can continue moving higher in this bull channel, keep an eye out.
IDFC first bank structure breakout and retest, should see good upmove from here.
Tata Communications is absorbing supply at a major resistance level, breakout can be seen soon
NASDAQ has been trading in this channel for quite sometime now, will the support hold this time too? Break of this demand confluence will be a worrying sign for IT companies even in India
HUL is looking bullish on the daily chart, the shakeout which violated the low and then bounced right back up represents inherent strentgth in the stock.
Price is holding at support, can see a fresh upswing from here
Ami Organics on the hourly chart staged a breakout with high volumes and now after trending up, is approaching for a retest of the support area. Good price action can trigger a safe entry at the retest
Reliance has broken the down trend channel and now the resistance has turned into support and its been accumulating here, can see a good upmove with possible targets marked by red lines
Hourly char structure, ascending trend channel, now near the supply line of the channel, breakout can confirm if we get a strong bullish candle crosing the resistance line
Here we see Nifty trend long in the tooth/matured in this bull channel, now ready to turn down, possible levels of short term support are marked, 17775 and 17600