This is just a Simple Trend Analysis of $NSE:HINDALCO. On this chart, the price has already created a HH and HL, which is a signal of an uptrend. Apart from that, a Descending Channel breakout is also visible in this chart, whose bias is bullish, hence expecting the price to go up and make another HH. Also, in the past, the Price has reacted from a Zone; hence...
NSE:ANURAS The Price is in an Uptrend making HHs and HLs on a Candlestick Chart. The expectation is that it will continue the existing Uptrend and hence will create a new HL and HH in the candlestick chart, this should take the price up to 1254.45 for now. therefore, a Cup like shape might form in this chart. We also do have a Trap Zone which might stop the...
NSE:AUROPHARMA is in an Up-Trend making HHs and HLs and I am expecting it to continue the Up-Trend. It has just tested a Trendline and has a good Trap Zone so, expect it to give 5% ROI or 2:1 RR trade from here.
NSE:SUNTV has vigorously dropped in the past and at the end of the drop it has created a Bullish Falling Wedge, this should ideally take the price up. My expectation is this will go up to 1000 in a couple of years. So, on every dip, one should think of buying and holding.
#niftybank has created a Bearish Symmetric Triangle in the Daily Chart. On retracement to the broken trendline and the trap zones like the Reversal pattern, I expect it to come down from these levels. Tomorrow there is a big event, the Union Budget is going to be published. This can bring in a lot of volatility. So, Play safe. Disclaimer: Do trade at your own...
After a great Rally price has created a Hanging Man Pattern in the Daily chart of #banknifty. This Hanging Man has formed inside an Ascending Channel. Both of these patterns are Bearish in nature, hence expecting Bank Nifty to come down in near future.