SESA Double Top

It has breakdown of 6 months Double Top and 5 months Wedge patterns. Trade short, if close below 168  with stop loss range of 188 to 178 for target of 145 to 135.

HDFC Ltd.

HDFC complete it consolidation. It is on the verge of a breakout, of 6 months Rectangle and Head & Shoulders Bottom patterns. Trade long, if close above 860 with stop loss range of 830 to 850 for target range of 930 to 960.

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.

Reliance

The daily chart of Reliance Industries ltd. is forming a textbook H&S Top pattern. Note the symmetry between the two shoulders in both duration and depth. A decisive close below 836 would complete this pattern and establish an initial downside target of 800 to 765.