Stock has given breakdown of 487-485 support zone and retesting it. After retesting it may further go down to the level of 470. On the contrary if it gives a break out the same resistance level of 487-485, it may reach upto 500. Keep tracking .
Oberoi realty is trading in a rising wedge pattern on daily time frame. If it gives closing above resistance of 966-970 with good volumes, it may rise to 1080 in few day . First we have to wait for break out. Keep an eye on the stock.
UBL closed above the crucial resistance level of 1750 on weekly chart, after consolidating for more than 5 months. Volumes are spiking with RSI rising above 60. Keep an eye on the stock. NSE:UBL
Ultratech cement just broke the neck line of head and shoulder pattern on weekly chart. Currently it is retesting the neck line, after that it may rally upto 8140-8150 in short time. Keep an eye on the stock.
50 ema on 15 minutes chart of ntpc, is acting as a resistance But in last trading session it closed above the 50 ema. If it sustains above 50 ema, a rally till 175 /180 can be expected. 180 holds highest call oi and 175 holds second highest call oi in 24th nov 2022 options series.
Dixon technologies stock is making inverted head and shoulder pattern on weekly chart. Closing above 4600 with good volumes and RSI above 60, can be taken as a good opportunity for taking long side trade .
Dr Reddy's laboratories making cup and handle pattern in hourly char. If Stock gives breakout and closes above 4600 , we can take a long trade till 4700 and above.
Bharti airtel is forming descending triangle on hourly chart. Trade can be taken on breakout of either side.
#exide just broke out the descending channel on weekly chart with good volumes. RSI is above 64.5 indicating good strength of. Breakout. Stock can reach 210-220 in short time. Keep tracking the stock.
If iex close above 151 level with good volumes and with RSI more than 40 , it can give us some good returns in coming weeks. Keep an eye on the stock.