AHOK LEYLAND huge volume break out.

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ASHOK LEYLAND DAILY

ASHOK LEYLAND MONTH CHART

• ASHOK LEYLAND has given a huge volume break out.
• the stock has gone pass the resistance of 2008 high (57.5)
• a daily close above the previous resistance area confirms the break out.
• the stock may move to 65 in the coming weeks.

SAIL has formed a big M in daily chart.

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SAIL DAILY CHART

SAIL WEEK CHART

• SAIL has formed an M pattern 
• Break of trend line can bring it down to 200. Break of  197 means more bearishness for the stock.

CNX IT weekly chart technica analysis

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CNX IT WEEKLY CHART

• CNX IT weekly triangle has broken 
• has immediate support at 5850 region. A break and close below the small triangle means more bearish news for stocks like INFOSYS.

BANK NIFTY daily in a triangle

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BANK NIFTY TRIANGLE

• BANK NIFTY has formed a triangle.
• there is clear negative divergence
• the index is making new highs but at the same time the smoothed %D line has dropped below the 80% line suggesting an imminent correction.
• but the price has not confirmed yet breaking the bottom line of the triangle will confirm the correction.