Month: July 2017

After a Decent run from Rs 58 to high of Rs 106 it has consolidated and made a bull Flag on weekly Charts.

It has given the breakout and volume is also supporting the same.

Target for Manapurram comes out to be Rs 140 🙂

Buy on Dips 🙂

Chart is attached for your reference.

Tribhuvandas Bhimji Zaveri from Rs 60 touched Rs 102 levels and consolidated a bit to Rs 85 levels.

Pattern on the weekly charts says it all.. The Target for TBZ comes out to be Rs 140 Levels.

Recommendation – Buy on Dips

Chart is attached below for the reference.

Crude has made Inverse Head & Shoulder Pattern on the hourly chart & Breakout has been done 🙂

Head is at $ 43.66

Neckline is at $ 46.45

So as per this pattern Target comes to $ 49.24

The chart is attached for your reference.

 

Adani Port after a decent uptrend from 250 to 380 levels has made a Rising Wedge pattern at the Top with RSI (14) negative diversion.

Sell Below 370 levels for possible for Target of 335

Learning – Rising Wedge Pattern & Negative Diversion

Rising wedge is a bearish pattern that begins wide at the bottom and contracts as the prices move high and the trading range narrows. The slope of the rising wedge is up but 

The chart is below for your reference.

Example of a bearish Wedge Breakout

Biocon is making a Bearish Bat Pattern and its completing its 4th leg, which can take price upto 380 levels.

Biocon can be buy at dips.

Learning – BEARISH BAT PATTERN

After a decent run from 325 to 377 level, Price has consolidated a bit and took support at 360 levels. Adani Port has made a Bull Flag Pattern on Daily charts. Break above today’s high with volume support can take price for a target of 420 Level. Keep an eye 🙂

Learning – Bull Flag Pattern