Indian stock analysis

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Adani ports 05-01-23

ADANI PORTS - Tried to take support at the bottom line but failed and again heading towards the downside, if the stock takes support and breaks the previous swing it might rally upside, else it will fail and breaks the trend line and come down further..

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UPL 05-01-23

     UPL formed a small range before the support line, if the stock breaks out before touching support line also it might give a upside move.

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BPCL 06-01-23

       BPCL - Taking trend line support and moving to break the resistance but if the stock makes a parabolic breakout it might not sustain so market should stay one or two days near the trend line before the breakout.

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ITC 06-01-23 - If we draw FIBO from the swing low to swing high it has retraced up to 0.236 levels and forming double bottom pattern so if ITC breaks and sustains above 337 stock might give a another upside move.

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Reliance inds 09-01-23

Reliance inds - 2543 levels tested 3 times if the stock opens flat and breaks this level we might see a good rally.

[sundar]

Axis Bank 09-01-23

AXIS Bank - has broken the trend line but it is trying to sustain at this support level if the stock breaks 0.382 levels it might give a upmove.

[sundar]

Heromotoco 09-01-23

HEROMOTOCO - formed a bearish Head and Shoulder pattern - if the neck line is broken the stock might come down till 2700 which is the next support level.

[sundar]

HCLTECH 10-01-23 analysis
              After a strong move stock has retraced upto 0.5% of FIBO which is considered as a healthy retracement, from 0.5% support levels stock is trying to move upside so if stock breaks 0.23 levels again this stock might test resistance levels at 1400.

[sundar]

ITC 10-01-23 analysis
            ITC has taken support at 0.236 levels of FIBo if any Price Action confirmation in a daily or 1hr time frame one can take a position the target levels would be 366..

[sundar]

AXIS Bank 10-01-23 analysis
              Axis bank trading in a channel pattern, once again this stock might face resistance at the trend line.

[sundar]

TATACON 11-01-23 analysis

TATACON  is forming a narrow range, 769 is the support 821 is the resistance so if any of these levels are broken we might see a good move in this stock

[sundar]

BPCL 11-01-23 analysis

BPCL is about to give a breakout 350 is acting as resistance so as soon as this levels is broken BPCL will move upside

[sundar]

BEML 11-01-23 analysis

BEML tested this trend line 3 times 4th time it is approaching this trend line to break so if the stock breaks this trend line with decent volumes it will move upside if fails again this stock will test the lower levels.

[sundar]

KOTAKBANK analysis 17-01-1023
     Kotakbank - is at the support levels it should sustain above 1800 levels to touch the trend line.

[sundar]

COLPAL trading Analysis 17-01-2023
             It's in a channel pattern now took support at 1480, so if the stock breaks 1500 levels again it will test the top trend line.