Equitas broke resistance trendline on hourly chart and retested trendline, it looks it has taken support at that line. it also looks like pole and flag pattern. if it opens above 54 and closes higher, it can easily reach to 60 levels which is 10% higher from current level.
if it continue to trade above previous close on...
LAURUSLAB has formed inverted pole and flag twice on hourly chart, in the first pole-flag, it has retraced 78% of fall quickly where as in second pole-flag it is retracing slowly. and it is forming lower highs and lower lows. moreover stock split is ex-date is on 29-Sept-2020. which increases liquidity. we can see a weakness in the coming sessions.
HDFC has recently broke-down a channel and descending triangle second week September. channel broke-down and support trendline are exactly matching at 2280 range. more over channel broke-down and descending triangle broke-down are indicating a target of 2000 which also matching with recent march lows.
So we can see a pull at 1980-2000 range. however this stock...
KEC has given a pullback on daily charts from support trendline on daily charts, however if it sustains above last closing price.it can rally upto previous high. if it revers, it can go upto 200DMA, which is at 270 levels.
BALAMINES completed 5 wave impulse move and now in 3 wave correction mode. it also formed double top at 900 level. however it has seen buying interest at 760-800 levels, closing below 760 on daily basis it will bring the stock to 650 levels.
NIFTY50 is forming Flag pattern for the recent rally (Pole). currently trading at lower levels of flag, even if it given a pull back it can rally upto 11420, closing above upper line on daily basis only can lead to next leg of rally.
Bharti Airtel took support at 200 DMA, even with high volume sell off on monday couldn't able to break 200 DMA, afterwards we have big bullish candle on the account of AGR verdict. and also broken recent resistence trend line. if it falls further 20 EMA is better price to enter which is at 535, it can easily rally upto recent highs of 600.
PRESTIGE broke 200DMA level with good volume and took support at 21 EMA, however at 260-280 levels momentum may pause at either of these tow levels, as it is a GAP on daily chart. then it may continue it's uptrend.
PEL has broken long term resistence trendline on daily charts. it has been struggling to break resistence line for last few sessions, it broke decisively and continued holding above 200DMA levels. it can easily rally upto 1800 level in coming days. it is the right time to enter for long term. for short term also it can easily generate 20% from current levels.
INDUSIND is consolidating between 480-570 levels on daily charts for the last 2 months, BANKNIFTY also looks bullish, continued momentum in BANKNIFTY and if price sustains above 570, it will easily reach 740 levels. in the last few sessions, every fall it is traded with low volume, indicating accumulation. 560-570 level is already tested, so if it breaks it can...
BAJAJFINANCE has been consolidating between 21 EMA and 200 DMA and it has crossed 200DMA on daily closing basis. if it crosses above 3500 it can easly rally upto 4000. Then we can look at further price action in this.