vinayak.mohta5

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TCS has formed a god consolidation pattern and might breakout in this week. Markets support will be required for it to continue.

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After a long time Adani Ports again tested its trendline but couldn't close above it yet again. However there are 2 things that we need to see. This time its coming off a contraction as marked by the Blue curve lines, the contractions kept getting smaller and it broke up following a series of high volumes which indicates strength. The stock might just be poised to...

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Exide Industries has formed a triangle and is testing the upper end of the same. The stock hasn't recovered much post the pandemic's fall. Any breach of the upper triangle line might give rise to a new trend in the stock. A normal uptrend consolidation continuation pattern. The moving averages are in a compact position as well with the 50 EMA below the 200EMA line...

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The IT sector has been on a major bull run yet again with the world becoming more Tech dependent following the Pandemic. HCL Tech has been a major contributor to the rally in the Indian IT space. However for a while now the stock has been consolidating hence forming a triangle supported by the 50 EMA o the support area of the triangle. There is an interesting...

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Britannia has formed a consolidation triangle in a daily TF and is looking set for a breakout, hopefully in the coming week. The lower end of the triangle is also protected / supported by 200 EMA. A breach on either side of the triangle can be traded, however with the sentiments of the markets the upper end looks much more imminent. Things have started to turn...

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Cipla has been consolidating in a range for a while now. After trying to breach the 830 zone multiple times it is now again consolidating in that big range of 700-800. An experienced trader can surely look for moves within the structure and for others they would need patience for a breach of the structure before picking up a trade. A lower high formation was seen...

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The stock has formed a beautiful triangle on a Daily TF and is currently consolidating since the last 2 days within it. Any breach of the Triangle might give a good momentum move in the direction of the breach. The further yellow lines can be treated as area of resistance and support while setting targets. Things have started to turn towards the positive side,...

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Hdfc Life is in a channel formation and might be a good candidate for a Channel breakout Trade.

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Marico has just broken through a triangle on the 6th and is looking to continue its rally. A trade could be picked up on a retest or a break of previous days high which will also mean a breach of the resistance area which it has struggled to breach for a while now. The MACD has also formed a bullish structure supporting the uptrend. The market as of this week...

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Maruti has formed a beautiful long term triangle and now looks like it is on the verge of a breakdown/reversal. In case of a breakdown multiple targets can be set which the green/yellow lines acting as Stoploss (9EMA (Green Line) and 50 EMA (Yellow Line). The Red line could be the first target (200EMA), however if the trend is strong the price might continue to...

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PFC has been following its trend line beautifully and looks all set to breakout of the area. Market direction might play a big role so please keep an eye on that. Many things are going to happen through the week US elections, Lockdown across Europe etc. which might kind of drive the sentiments across the board. Trade with Caution for the week.

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ICICI Lombard has not been in a range for a long long time while the market has been giving all kinds of emotions to every trader. Currently it is sustaining within a zone and any breach of the zone might give a good move. Upside is resisted by all the moving averages, with RSI compressing a breakout looks likely to happen. With US elections approaching this week,...

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Siemens is a continuation stock from the previous week. It tried to break the range only to be rejected and it fell back within the zone. The price is still in and around the resistance zone and ideally should test it through this week as well. However a weakness might drive the prices down further. Look for a clear breakout over the channel/below the red line to...

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Hdfc Life has been consistently forming lower highs and lower lows for the last 2-3 months however for the last few weeks while the stock has been forming lower highs it has formed a consistent low as indicated by the small yellow support line. The support area is also accompanied by a Red line which is the 200 EMA which is holding up strongly as well. Any breach...

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L&TFH has formed a beautiful triangle and has not been able to breach the levels of 75 for a while now. It has spent a lot of time ranging between 67 and 58. Now it has formed a triangle within that range and any breach of the same might take the price higher/lower from such levels. The market is not looking too optimistic about the Financial stocks. It feels that...

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Siemens has beautifully been following its 50 EMA which is considered to be a good support zone for a trend and has reversed from it as early as 3 days back maintaining its upward trajectory. However after a long time the stock actually made a lower high instead of a higher high indicating a possible change in trend. However for now it has been negated by a...

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Pidilite has formed a beautiful triangle since June and looks like it might just be on the verge of a breakout, however a reversal within the zone isn't ruled out either. The stock has good supports in EMA's on the downside (9EMA (Green), 50EMA(Yellow), 200EMA(Red)), however a volatile and a bearish sentimental day can take them all out. On the bullish side any...

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LT has formed a good consolidation pattern in an hourly/daily time frame. The stock has been under pressure for a while now due to the pandemic woes hitting its operations for over half a year now. The stock was consistently forming a lower low and lower highs for the last few weeks, however in the previous 2-3 weeks the stock has formed a higher low as marked by...