An Iron Condor without upper side protection in Hero Moto Corp to capitalize from its bearish bias.
ICICI Bank has been one of the outperformers in the market and has now formed a continuation breakout pattern on the daily time frame.
Price of HPCL has given dual confirmation of a change in trend along with a dead cross of moving averages.
Reliance has moved to its all-time-high position again following a good cup and handle continuation pattern and can move higher.
Glenmark made a big up-move with very large volumes. For positional trades buying on dips may be a better idea.
Hindalco is in a bullish trend and a call ratio spread trade offers a good risk-reward trade
Tata Chemicals has broken out of multiple resistance on the daily chart and the current formation on RENKO chart is a bullish two brick back pattern.
Jindal Steel and Power has seen a strong rally and is presently forming a flag formation. A likely breakout can result in a sharp move.
AU Bank has made a big up move on the weekly chart with heavy volumes and has moved out of the rectangle range of more than 2 years
ONGC is in a bearish trend and a Broken Wing Put Butterfly offers a good trade
Colgate Palmolive is in a strong up trend with pull backs to previous swing highs. A bullish morning star above the support zone suggests that prices are attracting buying interest.
Pidilite has broken important support level and sustained below it and now displays bearish pattern giving short sell opportunity.
A broken wing Put Butterfly in Coal India offers a low-risk trade
JM Financial is consolidating in a flag pattern after a big move. Volumes have contracted signalling supply may be almost over at these levels.
An almost perfect pullback in HDFC to the previous resistance zones and a bullish piercing pattern at the support zone suggest higher prices going forward.
Bajaj Finance has high on relative strength and has formed a continuation breakout pattern after the consolidation and bullish counts are open.
TCS has formed a bullish continuation pattern and it is on the verge of breaking the trend line.
TVS Motors has declined to the support zone with an appearance of a bullish hammer pattern.
Vedanta is in a sideways with a negative bias. An Iron condor without upper side protection offers a good trade.
Reliance Nippon Asset Management broke out of this huge consolidation pattern with one of its largest-ever volume in the past session. A break above all-time high seems imminent.
Tata Steel is in an uptrend and the price has managed to break above a double bottom. Also, it has broken out of a falling trend line.
Ujjivan is struggling to maintain the current support levels a price rises are not being sustained. A break below the present support level offers a good short selling opportunity.
Yes Bank has been in an uptrend since mid of October and is completing an inverted Head and Shoulders formation. Positive news flow can help the stock breach the neckline.
Bank Nifty is trading between important support and resistance. A double diagonal spread trade in Bank Nifty offers the best risk-reward
Mahanagar Gas is in an uptrend and corrected to its support zone. The price has made a ‘Tweezers bottom’ and a possible accumulation.