Weekly Market Research Report 18-05-19

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Falling Wedge Pattern:

The Falling Wedge is a bullish pattern that begins wide at the top and contracts as prices move lower. This price action forms a cone that slopes down as the reaction highs and reaction lows converge. In contrast to symmetrical triangles, which have no definitive slope and no bias, falling wedges definite slope down and have a bullish bias.

Auto Falling Wedge Pattern in ACC (Daily Chart)

Looks Good.

Can be: 1644, 1670 & 1695.

Looks weak below: 1570

Used Extension to draw level.

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Triple Bottom Pattern in ESCORTS.

Looks good above 544.

Can be: 655, 712 & 770

Looks weak Below: 544

Can be: 485, 428 & 371

Used Extension to draw level.

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Upside crossover of Down Channel In IRB.

 

Looks Good.

Can be: 133, 147 & 161.

Looks weak Below: 114

Used Extension to draw level.

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Top Gainer Of Last Week:

ZEEL  (8%)

TATAGLOBAL (7%)

BAJFINANCE (6%)

PETRONET (6%)

Top Looser Of Last Week

AUROPHARMA (-8%

PCJEWELLER (-6%)

LUPIN (-4%)

UJJIVAN (-4%)

(From: NSE F&O Script Group)

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