it has formed a head and shoulders pattern on 15min timeframe, rejecting the above resistance around 90, can look for shorting opportunity around its neckline which is at 87.40, or can short around level of 87 from where there is a gap stretching till 86 which can be filled out if it shows bearish signal and follows the pattern
on 15min timeframe gail is forming an ascending triangle pattern, trying to breach level of 84, which is also 0.5 fibo level, it has closed above 84, if it sustains over it then it can go further to test the 0.382 fibo level which is around 85 and even try to test its next resistance around 86.50 in coming session
adaniports is failing to sustain above resistance level of 362 and is taking support on ascending trendline, which if broken, there can be shorting opportunity in tomorrows session around 359 for target of 356 and even it can fall down further to fill up the gap
sbi is in bullish trend making higher highs and higher lows, it has taken support of ascending trendline and is looking bullish for coming sessions, if it crosses the previous higher high, which is around 193.80, it can then show upward move untill 196 and even try to touch the daily timeframe resistance level of around 198
TATA MOTORS is forming head n shoulders pattern on 15min timeframe,
if it breaches its neckline, which is around 146 than the stock can fall further to fill up the gap untill around 144
- forming a descending triangle on 1hr timeframe
- if selling pressure continues in bank nifty than sbi can breakdown from 195 further to 192 and even 189, which is acting as next support
