Nifty Analysis –

Nifty spot 15 min chart, in the last trading session Nifty open gap up but unable to maintain the higher levels and closed in 0.38% down. Now in this price movement, Nifty has formed double top formation. So I am expecting lower levels in Nifty until 10820 is not broken on which is previous high.

Ajanta Pharma Ltd –

Ajanta Pharma daily and hourly charts, Ajanta had given a breakout on hourly as well as a daily timeframe. The possibility of the breakout retest on the hourly chart, which will be a good signal for a further rally.Triangular breakout on both daily and hourly chart which indicates the stock is coming out of consolidation.

Axis Bank Ltd – Axis Bank 15 min chart, the stock open gap up in last trading session but unable to cross the high made in premarket. Rejecting the higher price two times and start making lows. It gave pullback but it was a retracement level. I am bearish until the previous swing is taken out.

Bajaj Auto Ltd – 

Bajaj Auto hourly chart, the stock was in a downtrend and tried to give reversal but unable to rally. Now I am expecting stock may try to reverse from previous low and forming a double bottom. But if previous low is broken then it will keep making low 2750 will act as retracement level.

Federal Bank Ltd – 

Federal Bank hourly chart, the stock is trading in the down channel. And now facing some resistance near an upper line of the channel. It has also formed inside bar near resistance line. If the stock unable to break resistance then it may test lower line of a channel.

Grasim Ind Ltd –

Grasim hourly chart, the stock broke downtrend by forming Hammer pattern just above the Pivot level. Now it has formed inside bar pattern. Breakout the inside bar pattern on either side will give good action.

HDFC Ltd- 

HDFC hourly chart, HDFC is in the consolidation phase after the good rally 26 Dec. In the last trading session, it doesn’t move at all. It was trading in the tight range breaking the range either side will give good action.

Hero Motorcortp Ltd –

Hero Motocorp hourly chart, Hero Motocorp is in full bears control. It has given the bearish flag breakout so expecting more lower levels in the stock. Before making move stock may try to retest the flag breakout level.

ICICI Bank Ltd –

ICICI bank hourly chart, the stock has given double inside bar breakdown. The stock may try to retest the breakout level. I am bullish only if previous swing high is broken otherwise it will make lows.

Infosys Ltd – 

Infosys hourly chart, the stock has opened gap up but it was unable to maintain the higher levels and closed just above the open. Also, it has formed a bearish engulfing pattern which indicates the weakness. I will be bullish only if yesterdays high is broken.

ITC Ltd – 

ITC hourly chart, a big strong bearish engulfing pattern at the upper line of the channel. Indicates the weakness in the stock. I am expecting it will try to test lower line of the channel. And it will be bullish if a channel is broken maintain the higher levels

Kotak Bank Ltd – 

Kotak Bank hourly chart, the shock is not moving much in the last few trading session. In the last trading session, it was in the range which is made by opening candle. I am expecting some action only if yesterdays range is broken.

ZEEL –

Zeel hourly chart, the stock has given some nice rally on 26 Dec and the rally continued yesterday also. Now it has formed an Inside bar pattern at the closing candle. Breaking the Inside bar on either side will give some action.

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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