Following are the few stocks which are looking good for this week. The charts are analyzed on the 15 min, 30 min & hourly timeframe.
Nifty 15 min chart, from last few days Nifty opening, is only in gaps. In the last trading session formed the channel and gave breakout, but 10900 was acting as resistance. Nifty has two support near 10810 and 10750., near resistance is 10900 & 10940 spot levels.
Bharti Airtel –
Bharti Airtel 15 min chart, after the strong rejection of the higher price Airtel was trading in the range. It has small support near 312. This PIN bar followed by bearish candles. adding weakness to the stock.
Apollo Hospital –
Apollo Hospital 30 min chart, Apollo Hospital formed a bearish flag but the breakout is still pending. Apollo has small support near 1210 if it broke then it may test lower levels.
ICICIPru Life Insurance –
ICICIPru 15 min chart, ICICIPru it tested prev high two times but failed to close above it. It formed a number of dojis at higher levels indicating indecision between bulls and bears. The second doji is Inside bar, if candles closed below low of first Doji. I am bearish on this stock.
Indian Bank –
Indian Bank 15 min chart, Indian bank trading in the tight range. It formed a double top (Upper dotted red line). It also formed a small channel in the last tranding hours and also gave the breakout. Small support is near 235 if it broke then I am bearish on the stock and bullish only above candle closing above the double top.
Infosys 15 min chart, Infosys gave bearish flag breakout which is a very strong continuation pattern. I am expecting lower levels on Infosys if no positive news inflows. I am bullish only if Infosys crossed and managed to stay above 700.
United Spirits Ltd –
United Spirits 15 min chart, United spirits formed a triangular pattern but it was unable to break in yesterday. Formed number of dojis there which indicates indecision between bulls and bears and also formed an Inside bar which is broken. Today’s price action is very important for United Spirits.
Mahindra & Mahindra –
Mahindra and Mahindra hourly chart, M&M formed bullish flag and pole formation but the breakout is still pending. I will be bullish if candle closed above 767-768.
Torrent Pharma –
Torrent Pharma hourly chart, Torrent pharma formed a Bullish flag but it was unable to break in four attempts. Now the price is at daily pivot level which will act as support levels. I am expecting 1750 will act as good support level. If the previous swing high is broken then bullish breakout confirmed.
The information is for educational purposes only and does not constitute an offer to sell nor a solicitation of an offer to buy any security which may be referenced by me. The information provided through my charts is for personal, non-commercial, educational use and display.