USD vs INR

USDINR has broken out of an inverse head and shoulder pattern, it could now target 54.70 & 55.23 in short to medium term.This strengthening of USD could keep Indian equity markets under pressure.

Update : IDFC

As expected in this post after breaking 168 levels IDFC made low of 155.25 yesterday.

IDFC : Rising Wedge

IDFC has broken down from rising wedge pattern , the stock could take support at 168 levels but if that level gets broken decisively then the stock is expected to fall upto 150 .

Bank Nifty

Bank Nifty has formed a rectangle pattern between 12838-12682 on hourly charts ,any breakout/breakdown from this rectangle could give 156 point trading opportunity.

Update : United Phosphorous Ltd

United Phosphorus reached its target given in this post .

Update : Nifty Pennant

Nifty reached its first target given in this post .

Update : Bank Nifty Rectangle

Bank Nifty reached its target today given in this post .