Bharat Financials Inclusion –

Bharat Financials Inclusion hourly chart, the showing some reversal sign after correcting nearly 10% from 1020 to 930. It reversed by forming a bullish engulfing candlestick pattern. In the last trading session, the stock has open – low same and maintained the higher levels at closing. But it has formed Inside Bar pattern at closing. Now waiting for today’s price action.

Indiabulls Housing Finance Ltd –

Indiabulls Housing Finance Limited hourly chart, as you can seen stock has corrected from 880 to 780 levels and reversed from 780. It has also retested the reversal level of 780. Now the stock is in the consolidation phase and forming pole and flag pattern. It has also formed the inside bar pattern at closing. The inside bar breakout will help to decide next move.

IndusInd Bank Ltd – 

IndusInd Bank Limited hourly chart, the stock has formed the same pattern as Bharat Financials. Corrected from higher levels 1600 – 1470 and gave reversal by forming the number of dojis at the lower level. In the last trading session, the stock has open = low and closed at higher levels of the day. It has formed inside bar pattern in last trading hours. Pattern breakout will decide the further move.

Infosys Ltd –

Infosys Ltd hourly chart, the stock has rallied nearly 15% from the low of 637 level in last 15trading sessions. In the last trading session, it has shown some weakness by forming small candles compared with previous candles. It indicates bulls may take rest for the further rally or bulls may got tired and we will have some profit booking. Last three candles are weak candles expecting some good action in the Infosys.

Jindal Steel and Power Ltd – 

Jindal Steel and Power Limited hourly chart, Jindalstel is in the downtrend. The stock is trading in the consolidation phase. It has formed a triangle pattern, breakout on either side will give a good move in the stock. It has formed double dojis which is also inside bar pattern. The breakout will be interesting to watch.

Larsen & Toubro Ltd –

Larsen & Toubro Limited daily chart, the stock is in the downtrend correcting from the higher levels of 1460. It has shown some reversal sign in the last session but the stock reversed from the 0.23 retracement level. It has formed double doji which indicates buyer and sellers are in the balance. The stock has an unfilled gap from 1330 to 1300 levels it may try to fill the gap.

Multi Commodity Exchange Ltd –

Multi Commodity Exchange hourly chart, as you can see from the chart it has formed bearish pole and flag pattern. But the stock has taken support near 750 level. It has formed inside bar pattern if breakout given on lower side expect more correction in the stock.

Motherson Sumi Systems Ltd – 

Motherson Sumi Systems Ltd, the stock is trading in the consolidation phase. Mothersumi is trading above the support level of 161. It has formed inside bar pattern near the support level. Expecting some price action move in Mothersumi.

Petronet LNG Ltd –

Petronet LNG Ltd hourly chart, the stock is showing some signs of reversal after forming a hammer candlestick pattern. Now the stock is facing resistance near 221 level. It has formed inside bar pattern near resistance level. I am expecting a breakout of pattern to the upper side waiting for confirmation.

Tata Steel Ltd – 

Tata Steel hourly chart, the stock is correcting from the higher levels.  Now the stock is in the consolidation phase. I am expecting some up move from the Tata Steel. But waiting for some strong reversal signals.

.Yes Bank Ltd – 

Yes Bank hourly chart, the stock is in the uptrend rallying from 180 levels. Expecting some more action from the Yes Bank. Yes Bank has formed inside bar pattern in the last hour of trading. Waiting for a breakout to happen.

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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