Relaxo has been consolidating since the start of this year. It is very evident from its dilly dally. It has been moving around 630-650 for sometime now. Lets see when it breaks out whether it moves up or down.
The Asian Paints Triangle Posted on June11 was spot on. This is follow up on the stock As you can see the Apex of the traingle at 1654 now is an important support
ITC is in major Consolidation mode since January. From a high of 240, it went down to 143 in March and then up to 210 in July , now down to 166.It should ideally make another move to 180 to 190 if its indeed in triangle pattern. After that it should breakout either up or down depending on the stock movement at that time. Till then its in wait mode. Let ITC decide whether it wants to go down or up
After tremendous fall from 600 , Bharti is at important support 420. Below is the chart confirming the same. 410-420 is the level Bharti took support twice this year , once in January , other in March. Technically it should support it.