Technical Analysis of ELECON and BAJFINANCE Stock name: Elecon Engineering Co. Ltd. Pattern: Double top pattern Time frame: Daily Observation: Since 2022, the stock has been on an upward trend, but it formed a double top pattern from September 2024. Around October 20-21, a breakdown from this patter...
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, ...