IFCI -Technical analysis

IFCI has a double bottom indicated by 1 and 2 in the figure. In case of a double bottom,

the price movement has tried to go lower twice, but has found support each time. After the second bounce off of the support, the security enters a new trend and heads upward.

However, one should wait for the breakout. One should be long on the stock on a break abovethe resistance which is around 102 - 105 now.

Bharti airtel - Technical analysis

It has formed a long-legged doji now preceded by small candles. This implies a trend change is coming

Bharti airtel - Technical analysis

Bharti is forming a rounding bottom(also called saucer pattern). Rounding bottoms usually occur as expectations shift from bearish to bullish. I think it is a good buy now as it will reach new heights soon.

Indraprastha Gas - Candlestick Analysis

There is a dark cloud cover formation which shows a bearish trend. It might fall to 130 levels today. It might be a good buy at 130.

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Teledata - Candlestick Analysis

Teledata is showing a bull engulfing pattern which is a bullish signal. I hope it will go to 70 or more in next two days .

Double click the below image to see the bullish engulfing pattern.