Reliance Industries | Consolidation Breakout | Latest stock market news (3 minutes read) Stock name: Reliance Industries Pattern: Consolidation Breakout Time frame: Daily Observation: Reliance Industries has given a consolidation breakout and formed a strong bullish candle yesterday which may indica...
IDBI Bank | Multi-year breakout | Latest stock market news (3 minutes read) Stock name: IDBI Bank Pattern: Multi-year breakout Time frame: Monthly Observation: Below is the chart of IDBI Bank on a monthly time frame. As we can clearly see, the level of 51 had acted as a very strong support in the ea...
Sigachi Industries | Near a resistance | Latest stock market news (3 minutes read) Stock name: Sigachi Industries Pattern: Near a resistance Time frame: Daily Observation: Sigachi industries, after a block buster listing on the stock exchanges, had a free fall of over 60% from the top. It has been c...
Ambuja Cements | Double bottom | Latest stock market news (3 minutes read) Stock name: Ambuja Cements Pattern: Double bottom Time frame: Daily Observation: The stock after rising very quickly in the previous quarter, has now gone into a consolidation. It witnessed severe selling pressure in the rece...
NMDC | Cup and Handle pattern | Latest stock market news (3 minutes read) Stock name: NMDC Pattern: Cup and Handle pattern Time frame: Daily Observation: NMDC stock has formed a cup and handle pattern in the daily time frame. This is a bullish continuation pattern and once the stock crosses the neck...