ICICI : Trading in a range

ICICI Bank has been trading in a range of 67 points for last one month any breakout/breakdown from this range could be a good trading opportunity. 

Update : Nifty Ascending Triangle

Nifty broke on downside from ascending triangle it made on hourly charts and again took support at lower trend line of 90 point range it has been trading in for last 12 trading sessions.

Update : Bank Nifty Rectangle

BankNifty reached its rectangle target on upside given in this post. 

Havells

Havells has been trading in a rectangle for last eight months ,the stock has now given a breakout from the rectangle which could take it to 690 levels.

Bank Nifty : Rectangle

BankNifty has been trading in a rectangle (11322-11532) for last 5 trading sessions so any breakout/ breakdown  from this could give trading opportunity of 210 points.

Nifty

Nifty did breakout from the range of  5322-5397 but it turned out to be a false breakout and nifty is back into the range again.

In the mean time nifty has formed another range on the daily charts between 5322- 5412.

Nifty : In a Range

Nifty has been trading between 5322 -5397 for last three days so breakout on either side could give 70 points.

ACC

ACC has given a breakout on good volumes after consolidating in a range for almost a year so the stock could now target 1300-1350.

Nifty

Yesterday nifty gave a breakout from 4720-5160 range on good volumes, the thing to be seen is will there be follow through move today?

GSFC

GSFC has been trading in a range of 420-464 for more than a month, so one can trade this range for quick gains and if the stock is able to give breakout above 464 with good volume then it could see another 10% upside.

Ipca lab

Ipca lab has been trading in a band of 345-350 and 260-270 for over a year ,if the lower band is broken with good volumes the stock could target 200 in coming weeks.

Abirlanuvo

Abirlanuvo has been trading in a range for last two years, any move out from the range could give 300 points.

Polaris

Polaris has been trading in a range of 213-140 for last one and a half year and it is now trading at the lower end of this range and if the the range is broken with volumes then the stock could fall all the way down to 70 levels.

Nifty

Nifty is doing nothing but making a range between 5610-5730.

ACC

For last 7-8 months ACC has been oscillating between 922-1130.

Nifty

Nifty is below 200 DMA and at the lower end of range in which it has been trading since april .

Update : ITC

ITC target reached given in this post .

Nifty : Forming a Range ??

Nifty is trading in a range for last 4 sessions,will it continue to trade in the same range or breakout is yet to be seen.

ITC : Breakdown

ITC broke down from the range its was trading for last four months, now it could target 152.

Reliance : Ready For a Breakdown??

With primary trend being down, many stocks which were trading in a range have started to break down......Reliance the big daddy of Indian stock market is also trading at lower end of its range in which it is stuck for more than one and a half year.Today it broke an important support of 957.........so it would be interesting to see if reliance is able to hold 917 levels............. because once it breaks that level we could see 750-700  in reliance.