Tata Motors completes the Inverted H&S pattern today and is looking bullish for the medium to long term with a horizon of INR 1000/- (almost double the price today).
Glenmark Pharma has completed a long-term inverted Head & shoulders pattern. It is now looking bullish with an upside move of INR 500 from current levels. Almost 2x. At present it is at the 0.5 resistance level of the Fibonacci chart
Hindustan Zinc has completed the long-term Head & Shoulders Pattern recently and is looking bullish with an upside of INR 150 from current levels in the near term of 12-18 months horizon.
We predicted this V-shaped stock market recovery one month ago in one of our videos. Happy that it has overcome the fall of election results day. But a retracement is due now, hence trade cautiously. A perfect time to invest for long-term investors in fundamentally strong and sector-specific leagues
With the completion of the long-term Flag and Pole pattern, I expect a breakout in Tata Consumer Products for an upside of min INR 200 from current levels.
Escorts Kubota is travelling into the long-term rising channel and nearing its resistance of INR 3260. Post the level of INR 3260, it is expected to reach all the way to INR 3250 in the next 6-9 months time frame.
REC is looking bearish now. It has reached the top of the parallel channel. It is expected to start declining from here all the way to the bottom end of the track, it has been travelling into for over the years.