ACC Double Top

ACC has Breakdown of classic textbook Double Top pattern after 5 months of consolidation. Trade short with stop loss of 1040 for target of 880 in coming months.

Nifty TOP

The Daily chart of Nifty is forming a textbook H&S Top pattern. Note the symmetry between the two shoulders in both duration and depth. If this analysis is correct, Nifty may have already established a right shoulder top. A decisive close below 6130 would complete this pattern and establish an initial downside target of 5920. 

NMDC Ltd.

It has given breakout of 10 weeks Ascending Triangle pattern. Trade long with stop loss of 140 for target of 165.

Tata Motors

More than two years rising Wedge has given false breakout and now again it is in the pattern. Trade short with stop loss of 380 for target of 310.

New uptrend in Pharma Sector

RANBAXY has given 10 months Head & Shoulders breakout. Trade long with stop loss of 457 for target of 570.

SUN Pharma has given breakout of 12 weeks descending wedge pattern. Trade long with stop loss of 565 for target of 645.