SUNPHARMA

SUN PHARMA breaking its channel(upside) with huge volumes above 784-86 we can long this stock for a t1=795 and then t2=810.
cheers
RISH

The Reality of the Chart

Price ticks coalesce into bars, and bars into patterns, as the crowd writes its
emotional diary on the screen.

Successful traders learn to recognize a few
patterns and trade them. They wait for a familiar pattern to emerge like fishermen
wait for a nibble at a riverbank where they fished many times in the past.


Many amateurs jump from one stock to another, but professionals tend
to trade the same markets for years. They learn their intended catch’s personality,
its habits and quirks. When professionals see a short-term bottom
in a familiar stock, they recognize a bargain and buy. Their buying checks
the decline and pushes the stock up. When prices rise, the pros reduce
their buying, but amateurs rush in, sucked in by the good news. When
markets become overvalued, professionals start unloading their inventory.
Their selling checks the rise and pushes the market down. Amateurs
become spooked and start dumping their holdings, accelerating the
decline.

Once weak holders have been shaken out, prices slide to the level
where professionals see a bottom, and the cycle repeats.

That cycle is not mathematically perfect, which is why mechanical systems
tend not to work. Using technical indicators requires judgment.
cheers
courtesy:-come_into_my_trading_room

RELIANCE

RELIANCE moving in a channel it will find resistance at 1065 levels long this above 1000.
cheers
rish

ICICI BANK

ICICI BANK channel support near 481,it can bounce from there to its immediate target of 500.
cheers
rish