Technical Analysis of USHAMART and KOTAKBANK Stock name: Usha Martin Ltd. Pattern: Parallel channel pattern Time frame: Daily Observation: In the previous blog (please refer here), the stock was noted to be moving within a parallel channel pattern. It previously rebounded from the support line, risi...
Technical Analysis of ICICIGI and BAJAJ-AUTO Stock name: ICICI Lombard General Insurance Company Ltd. Pattern: Double top pattern Time frame: Daily Observation: The stock has been moving upward since June 2024 but formed a double top pattern between August and October 2024. It experienced a breakdow...
Technical Analysis of EQUITASBNK and UTIAMC Stock name: Equitas Small Finance Bank Ltd. Pattern: Head and shoulders pattern and retest Time frame: Weekly Observation: The stock has been in an uptrend since June 2022. From June 2023 to July 2024, it consolidated and formed a head and shoulders patter...
Technical Analysis of ASTRAZEN and FIVESTAR Stock name: AstraZenca Pharma India Ltd. Pattern: Resistance breakout and retest Time frame: Daily Observation: After an initial rise, the stock has been consolidating since February 2024, forming a resistance line on the daily chart. It repeatedly tested ...
Technical Analysis of FLUOROCHEM and SIEMENS Stock name: Gujarat Fluorochemicals Ltd. Pattern: Flag and pole pattern Time frame: Daily Observation: In early September 2024, the stock experienced a sharp rise, followed by consolidation starting on September 17th. This formed a flag and pole pattern o...