Biocon Ltd –

Biocon Ltd hourly chart, the stock is in the consolidation phase after having a good rally. The stock is facing resistance near 672 – 671, it was unable to broke resistance. A small demand zone is near 652 – 648. First, few mins of trading will decide the next move of the stock.

Exide Ind Ltd – 

Exide Ind Ltd hourly chart, the stock is in the downtrend falling from higher levels. In the last trading, session stock has shown some strength. If the stock managed to trade above the previous swing high for some time it will rally. Otherwise, this will act as small pullback and the stock will keep making new lows.

Indiabulls Housing Finance Ltd –

Indiabulls Housing Finance  Ltd hourly chart, the stock is consolidating in the channel. The range of the channel is nearly 60 points. In the last trading session, the stock is trading near the lower line of the channel. If the stock break down it will fall nearly 60-80 points. And if stock respects the support level it will give rally.

ICICI Bank Ltd – 

ICICI Bank hourly chart, the stock has given good rally in the choppy market from 348 – 384. Now some profit booking is happening at the higher levels. The stock has support near 369 – 370 which was acting as resistance previously. And stock also has respected 200 EMA support. It has formed an Inside bar pattern near EMA support. I have covered this topic in the Inside Bar Pattern.

Sun TV Ltd –

Sun TV Ltd 15 min chart, the stock has corrected sharply from the higher levels. Now the Sun TV was trading in the consolidation. Now the stock has given the falling wedge breakout and also a small channel (Orange lines) breakout. If the stock managed to trade above at higher levels for some time it can give good rally or this will act as pullback and keep falling.

Tata Global Beverages Ltd –

Tata Global Beverages Ltd hourly chart, the stock is trading in the tight range from last few trading sessions. The stock has support near 209 – 210 which is tested three times. It has also formed double Doji in the last hour of trading. SO I am expecting good action in this counter.

Zee Entertainment Enterprises Ltd –

Zee Entertainment Enterprises Ltd hourly chart, the stock is falling sharply from the higher levels. But in the last trading session, the stock has formed the hammer candlestick pattern. It is risky to trade only on the basis of the hammer because the stock is falling sharply. If today closed at higher levels it can give some good rally.

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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