Coal India Ltd –

After having good rally from the last few sessions, the stock is now trading in consolidation. It has formed triangular pattern and also gave breakout. The stock has strong support near 209 – 210. If this support is broken it can test lower levels.

GAIL Ltd –

The stock is trading in consolidation phase. The stock has behave in exact in Wyckoff pattern. Accumulation, Mark up phase & Distribution on higher levels. The breakout from consolidation will give good move in either side & also it will decide whether it is accumulation for next rally or distribution.


Although the analysis is done on higher time frame, the stock can give explosive move in intraday because the stock is volatile. The stock has formed double inside bar & bearish flag on daily time frame.

Reliance Ind –

After hitting lifetime high the stock is making lower highs and lower lows. Now it is trading near support area. It has also formed Inside bar near support area. Breakout will decide next move in the stock.

Tata Motors –

The stock has explosive move from muhurt trading. In last few session the stock is trading in the range. The price action is getting compressed. Breakout on either side will give good move.

Stock Performance of 5 Nov –

Grasim Ind –

The above chart is prepared before market opening. As I mentioned in the post CPR is getting narrow indicated good move after breakout on either side. Analysis worked perfectly and stock break lower trend line and fall nearly 2.5% . The updated chart is given below.

Note – 

One good trade is enough for intraday, you don’t need to trade continuously. It will lead to loss or paying more brokerage to your broker.

Disclaimer –

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.


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