Ambuja Cements Ltd –

Ambuja cements hourly chart, the stock is in the consolidation phase or trading in the range. The has formed bearish flag and pole pattern. The target of pole & flag will be completed near the support area. I am expecting the stock will touch lower levels but need to maintain the level.

Ceat Ltd –

Ceat Ltd hourly chart, the stock is in the downtrend correcting from higher levels 1320 – 1220. The stock is reversed from the support level of 1220, it has also given a falling wedge breakout which is a bullish reversal pattern. Ceat also formed the hammer candlestick pattern at a support level.

Dewan Housing Finance Ltd –

Dewan Housing Finance Ltd hourly chart, the stock is in the downtrend correcting from the higher levels. Now the stock is trading in the range from the last few trading sessions. The stock has formed a hammer candlestick pattern near support level of 218. Waiting for the Inside Bar pattern breakout to enter.

 Havells India Ltd – 

Havells India Ltd hourly chart, the stock has formed the bearish flag and pole pattern. In the last trading session after forming a big red candle, the stock has formed very small candles indicates indecision between buyers and sellers. So breakout will confirm the next move of the stock.

 Karnataka Bank Ltd – 

Karnataka Bank Ltd hourly chart, the stock is trading in the channel 117 -121 from the last few trading sessions. In the last trading session, it has tried to give breakout but the attempt failed. The lower side of the channel was previously acting as resistance now turned into support.

LIC Housing Finance Ltd –

LIC Housing Finance 30 min chart, the stock is trading in the range of 475 – 490. In the last trading session, it has tried to give breakout but failed. I am expecting the weakness in the stock until the previous high is broken and the stock manages to sustain the higher levels. There is also an unfilled gap near 482. 

Muthoot Finance Ltd – 

Muthoot Finance Ltd hourly chart, the stock is in the uptrend. From the last few trading session, the stock is trading in the rage. The stock has a support level near 528. It has formed inside bar pattern near the support level. Breakout of inside bar pattern will decide the next price action.

Petronet LNG Ltd – 

Petronet LNG Ltd hourly chart, we have covered this stock yesterday also. But breakout was pending now it has given the breakout but not moving as expected. So I am expecting some good price action in the stock. Petronet is still trading above the breakout level of 221.

Shriram Transport Finance Co. Ltd –

Shriram Transport Finance Co. Ltd hourly chart, the stock in the downtrend and trying to find support at lower levels. The stock is trading in the range 1220 – 1140. The stock has formed hammer near support levels but we need one candle to close above the hammer. It has also formed double inside bar pattern near support levels waiting for the 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. 


1 Comment

Ganesh Chakravorty · January 18, 2019 at 8:30 am

It’s Great Technical View on Specific Stocks..
Can WE please look for Repco Housing which may break psychological level of 450 and Adani Port
Very Useful And Simply Superb

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