Technical Analysis of INDUSINDBK and KAJARIACER Stock name: IndusInd Bank Ltd. Pattern: Support breakdown (Parallel channel) Time frame: Daily Observation: The stock has been in a downward trend since January 2024, moving within a parallel channel on its daily chart until October. However, it broke ...
Technical Analysis of MANAPPURAM and DEEPAKFERT Stock name: Manappuram Finance Ltd. Pattern: Support breakdown (Parallel channel) Time frame: Weekly Observation: Since December 2022, the stock has been moving upward within a parallel channel, sustaining this pattern until September 2024. However, at...
Technical Analysis of NESTLEIND and AWL Stock name: Nestle India Ltd. Pattern: Double top pattern Time frame: Daily Observation: Since March 2023, the stock has been on an upward rally but formed a double top pattern between October 2023 and October 2024. A breakdown occurred around October 20, 2024...
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...