Cipla Ltd.

This chart is the classic example of big patterns are launch with the formation of  small patterns. Cipla is in a 13 months rectangle pattern, between 426 to 364. And 8 month Head and Shoulders Top with neckline at 378. It has close to consecutive weeks below 378. Trade short if close below 364 with stop loss of 378 for target of 300. 

GAIL

It has form 13 months Head and Shoulders bottom. Friday close above Neckline of 356 as confirmed the pattern. In daily chart the right shoulder is 3 months Ascending Triangle. Trade long for target of 395 to 430.