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...
City Gas Distributors Facing a Potential Derating: What’s Next for IGL, MGL, and Gujarat Gas? India's city gas distribution (CGD) sector, represented by companies like Indraprastha Gas Ltd. (IGL), Mahanagar Gas Ltd. (MGL), and Gujarat Gas, has long enjoyed stable growth. However, recent challenges, ...
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 ...