Axis Bank Ltd –
Axis Bank Ltd hourly, the stock is in the strong uptrend. The stock has also formed a cup and handle pattern (I don’t use cup & handle pattern in my trading). The has strong resistance at 735 which is also acting as neckline for CnH pattern. It has formed Inside Bar at closing. Breakout will decide next move.
Dr. Reddys Lab Ltd –
Dr. Reddys Lab hourly chart, the stock was in the strong uptrend. But from last few trading sessions, the stock was trading in the sideways and facing some resistance near 2700 which is a round number. I am bullish only above close 2720 and manage to hold the higher levels. Otherwise, it will test the lower level.
Havells India Ltd –
Havells India hourly chart, the stock is trading in the consolidation phase. It is forming higher lows forming ascending triangle pattern. It has also formed Inside Bar Pattern at closing. The stock can give a good upside move if manage to close above 730. If it broke the previous swing low it will test 690-680.
HCL Technologies Ltd –
HCL technologies Ltd hourly chart, the stock is trading in the downtrend. Now it is at support levels of 1030. It has formed double op near 1090. If support is broken stock can fall nearly 60 – 70 points.
Interglobe Aviation Ltd –
Interglobe Aviation Ltd hourly chart, the stock was trading in the strong uptrend. From the last two trading session, it is trading in a very tight range. Breakout on either side will give quick movement on that side. The stock has also formed the Inside Bar pattern at closing. Range 1235 – 1210
Infosys Ltd –
Infosys Ltd hourly chart, maximum IT sector companies are trading near strong support. Infosys also following the same pattern as HCL Tech trading near strong support. If broke 726 manage to trade above for some time it can give quick move. If 720 broken it will test lower level.
Smallcap Index –
Smallcap Index daily chart, smallcap have a good rally in the last few sessions. But now the smallcap is trading near strong resistance of 6650. If breakout happens next resistance level for the smallcap is 6900. The first support for smallcap is near 6200
Tata Motors Ltd –
Tata Motors hourly chart, the stock was having a good rally from the lows. Now the stock is trading in the range. The support level for the stock is 188 and there is an unfilled gap near 180. If 188 is broken the stock will try to fill the gap.
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.