Jatin Gedia
Jatin Gedia
Bajaj Auto has been trading in a range since the past couple of months. The range of consolidation has been Rs 9300 - 8600. The stock has broken out of this consolidation on the upside suggesting
Titagarh Rail has been in a medium term uptrend. After a sharp run up the stock has been consolidating in a range and has formed a Triangle pattern on the hourly time frame chart.
Cipla was in a downtrend and corrected ~13 per cent in the recent fall. On the daily charts it formed an Inverted Head and Shoulders pattern which is a Trend reversal pattern
Federal bank has been in a medium-term uptrend. The recent pullback towards the zone of Rs 154 - 156 was brought into and the stock has been witnessing buying interest from that crucial support zone
TCS has witnessed buying interest from the 50 per cent Fibonacci retracement level (3780) of the previous rise from 3,311 - 4255. Positive divergence is also witnessed on the daily charts