Coal India Ltd –

Coal India Ltd hourly chart, the stock is in the strong uptrend. The stock has formed flag and pole formation but the breakout is pending. The stock has a good resistance near 245 level, never closed above 245 in the last few session. It has also formed Inside Bar at closing. If broke above 245 and manage to hold higher level it will give 20-25 points move.

Hero Motocorp Ltd – 

Hero Motocorp Ltd hourly chart, the stock is trending in an uptrend by making a new swing high. In the last session, the stock rallied but facing some good resistance near 2620. It has tried to break the resistance level but failed to break it. it has formed Inside Bar Pattern at closing, the breakout will decide the next move.

ICICI Bank Ltd –

ICICI Bank Ltd hourly chart, the stock is in the strong uptrend. In the last session stock also gave a range breakout but failed to close on higher levels. The stock is facing resistance near 277, never closed above 277 from last few sessions. It has formed the Inside Bar Pattern at closing, the breakout will decide next move. I am bullish only if crossed swing high and manage to trade above it.

Tata Steel Ltd – 

Tata Steel Ltd hourly chart, the stock is trading in a range from the last few sessions. In the last session, the stock gave good up move but failed to break trendline resistance (dotted red line). It has formed flag and pole formation if breakout happens it can easily move 15-18 points. It has also formed Inside Bar Pattern at closing.

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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