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Main take aways of the market on 18-01-2017

GRASIM forming a triangle pattern watch closely. (See the attached image)

HINDUSTAN UNILEVER broke an important resistance

ACC and GRASIM formed flags

TATA STEEL moving strongly after completion of double bottom

BHEL broke a resistance and set the highest price of the past 3 months

VEDL approaching important resistance at 247. If broken will set a new high of the past 2 years

TATA POWER COMPANY formed an rising wedge

HINDALCO approaching important resistance at 182

POWER GRID facing resistance at 200

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