vinayak.mohta5

vinayak.mohta5

TCS according to its recent trend looks poised to breach the trend line to the downside which it has been respecting for quiet a while now. However a breach towards the upside will send it flying towards it's all time high again. It would be interesting to see as either side breach should showcase a strong incoming momentum. Which side will you be betting on ?

vinayak.mohta5

Infosys has been consolidating nearby its all time high and has been forming a triangle. A breach of it on either side can give a good trade. A breach towards the upside will be looked at with close eyes on whether the stock will be able to break through its all time high of 986.45 or not and a break to the downside will be looked upon as a possible gap fill....

vinayak.mohta5

The stock has been in a uptrend for a while now. It has faced some heavy resistance at 3155 and is hovering in and around that area for more than a week now. The stock has formed a Similar high while the RSI as marked has formed a lower high indicating a divergence which shows that the price should continue going down to fill in the gap. A breach of either side...

vinayak.mohta5

Marico has formed a beautiful trend line in the daily timeframe. While the chart was forming a higher high the MACD indicator was forming a lower high indicating a divergence between the price movement and the MACD indicator. Currently the price is testing the trend line yet again and the MACD line has crossed the signal line from above indicating a selling...

vinayak.mohta5

ITC has been consolidating for quiet a while now and it did give an amazing upside move in the previous week only to be rejected and fall back inside the zone. The Supply zone looks very strong and with the current weakness and uncertainty going forward either side breakout cannot be ruled out. It will be interesting to see which way does it go. On the downside...