Category: Equity

S&P 500 has started showing some weakness. Charts are indicating some retracement to the level of 2440. Head & Shoulder Pattern formation clearly visible on Hourly Chart. Line Chart showing negative diversion on Daily Time frame. S&P 500 index perfectly moving in a channel and can test the lower trend line of the Channel.  

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…

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…

After a decent downtrend from 720 level to almost 490 level, Sunpharma has took some breath but seems like that breath will not last long. There is a bear Flag Pattern made on Daily charts. If its breaks then next support levels are at 520-500. Below that it will start its prior trend and can…

After a decent downtrend from 515 level to 380 level, Tech Mahindra has shown some strength. Price has made a double bottom at 380 level, following with a classical positive divergence seen on a line chart. Expecting a move towards upper trendline which will act as a resistance at 410 level. Learning here – Classic…

Price action on Daily chart of ITC showing Bears taking charge for very short term correction. Price has started consolidating between a descending Triangle. So one should look to short for Target 300. Buy will only be above 317 levels as of now 🙂 Will update for best Buy possibility 🙂 Daily Chart of ITC…