Havells India Ltd –

Havells India Ltd hourly chart, the stock was trading in the strong uptrend. But in the last two sessions stock is not participating in the rally. The stock is at the support level if support is broken the stock will test lower level. But if resistance is broken (orange line) stock will rally to test previous swing high.

Hindalco Industries Ltd –

Hindalco Industries Ltd hourly chart, the price action is getting compressed indicating an upcoming sharp move in the stock. The stock is trading in the triangle pattern breakout will give good move. The stock is also formed Inside Bar Pattern at closing breakout will decide next move.

ITC Ltd –

ITC Ltd 15 min chart, the stock is trading in the down channel. In the last hour of trading, the stock gave channel breakout but it has formed bearish engulfing. There is a small demand zone near 292-293. I am expecting price may retest the demand zone which is also breakout retest.

Kaveri Seeds Company Ltd – 

Kaveri Seeds Company Ltd hourly chart, here the stock is formed two patterns. One pattern in Up channel and the second pattern in triangle pattern but both patterns gave a breakdown in the last trading session. The stock has strong resistance near 448 and support near 430. I am bullish only above is 450 is broken and stock manages to hold the 450 level.

Motherson Sumi Systems Ltd –

Motherson Sumi Systems Ltd hourly chart, the stock is trading in the sideways trend from the last few trading session. In the last session, the stock has broken the trendline support with a strong bearish candle. The stock has also formed Inside Bar Pattern at closing, the breakout will decide the next move.

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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