Mahindra and Mahindra is consolidating for a long time in a downward wedge pattern. After getting good support and facing good resistance, it has finally boken the resistance with a good volume. If you analyse it on a hourly time frame, you will definitely observe an inverse h&s pattern is broken. The 15mins TF also looks bullish. It's a good swing.
Currently, SBI is in a range and it has formed a descending triangle. The 417-421 range looks like good support. Let's wait for the breakout on either side.
Bharti airtel has formed a perfect head and shoulder pattern in the daily time frame. On top to bottom analysis, it can be seen that it has got a rejection from the trendline on 5 min time frame.
Doge is forming a Head and Shoulder pattern. Beware of the breakdown in the neckline. According to the theory, if it will break the neckline, it may go down 60% from here.
On an hourly time frame, one can observe an inverse cup and handle pattern in making. The break below 34900 can see a test towards 34600-34500 range. If that holds then it's good but if the pattern follows its theory, then we can see more downsides. NSE:BANKNIFTY
