DOW Futures Daily Chart : RISING WEDGE & Preempting the Formation of H&S Pattern

DOW Futures Daily Chart : RISING WEDGE & Preempting the Formation of H&S Pattern.
From the chart it indicate that it has formed a rising wedge pattern, the pattern would be confirm on break of rising trend line (i.e. around 12950) which will act as interim support. If its broken the rising trend line of wedge with the support of good volumes then the next area of support is seen around 12690. on higher side resistance is seen around 13200-13250 levels.
Around the level of 12690 it will generate the H&S Pattern.

Trade with stop loss only.

AXISBANK : Support broken as well as close below 200sma.

AXISBANK : Support broken as well as close below 200sma.

From the chart of Axisbank it show that the price has broken the support trend line with the support of good volumes as well as closing below 200sma. technical indicator RSI and MACD is given negative signal. The price is likely to move down where the next area of support is seen around 1042 follow by 980, on higher side for reversal the resistance is seen around 1120-1125.

HEROMOTOCO : Likely to reversal from the resistance trend line and Evening Star bearish reversal pattern.

HEROMOTOCO : Likely to reversal from the resistance trend line and Evening Star bearish reversal pattern.
The chart of Heromotoco show that it has reversal from the resistance trend line and formed a Bearish reversal pattern Evening star which occured at the end of an uptrend.The current price has broken the rising trend line and closed below.RSI has given Negative divergence signal.The current price is likely to move down where the next area of support seen around 2090 / 2040 , on higher side resistance seen around 2190.

SOBHA : Broken the rising trend line.

SOBHA : Broken the rising trend line.
Stock price of SOBHA made a shooting star candlestick pattern on top, thereafter it follow by confirmation of broken the rising trend line.Technical indicator RSI reversal from the overbought level.The price move is likely to contiune down where the next area of support seen around 308-298 levels, on higher side resistance is seen around 342 levels.

LICHSGFIN : Double Top and broken the rising trend line.

LICHSGFIN : Double Top and broken the rising trend line.
The stock price is likely to move down where the next area of support is seen around 250/243 levels on higher side resistance is seen around 275.

TATAPOWER: Upward breakout and closing above 200sma

TATAPOWER: Stock price of tatapower has breakout from the slopping trend line with support of good volumes as well as closing above 200 sma.Technical indicator MACD and RSI gave positive signal for the up move.
The up move is likely to continue where the next area of resistance is seen around 112.5 / 116.5 on lower side support expected around 103.

COALINDIA : Triangle Breakout with support of good volumes.

COALINDIA : Triangle Breakout with support of good volumes.

Chart of Coalindia has formed a triangle breakout with support of good volumes. Technical indicator MACD is in buy mode.RSI is in bullish zone. The price move is likely to continue where next area of resistance is seen around 360 / 368 levels on lower side support expected around 344 levels.
Trade with stoploss only.

AMBUJACEM : Hold support of trend line as well as formed a Bullish Engulfing Pattern

AMBUJACEM : Hold support of trend line as well as formed a Bullish Engulfing Pattern

Below chart of ambujacem is formed a bullish engufling pattern with support of good volumes, the price movement is likely to reverse above 162.5.
one can buy above 162.5 where the next area of resistance is seen around 168 / 172 on lower side support expected around 156.

BANKINDIA Upward Triangle Breakout above 378 level

BANKINDIA Upward Triangle Breakout above 378 level.
BAnkindia chart has formed triangle pattern and its likely to upward breakout above 378 levels. The upmove will continue where the next area of resistance is seen around 395 and 405 on lower side support expected around 367 level.