#Gland 2279
#GlandPharma is into the business of manufacturing pharmaceutical ingredients.
It specializes in injectables from vials to prefilled syringes. On charts After making life time highs of 4350 in Aug 2021 it went into a mark down phase for couple of years - making a low of 861 in 2023 - that’s roughly -80% of correction. Well after making lows it went into an accumulation phase for next 3 years. Upper wall of that phase was 2200. Cut to May 2026, it has finally crossed the upper wall of that accumulation range and has given monthly closed above 2200. The high of that monthly candle of May 2026 is 2396.
Next Major Support on lower side is at the low of March 2026, at 1573. The previous all time highs of Aug 2021, 4350 acts as next major resistance on the upside.
Even the #PharmaSector price had crossed a trend-line resistance ranging from the year 2025 - back in April 2026
(Not financial advice)
#HSCL 649
#HimadriSpecialityChemicals is into the carbon materials specialization.
On Charts - two years ago - back on the day of 16th Sep 2024 it made an all time high of ₹688.70 and then went into a correction mode of -46.95 % making a significant low of ₹365.35 on 7th April 2025. Then it went into a range bound re-accumulation mode till April 2026. On 20th Day of the Month of April 2026, it broke the upper wall of that accumulation range at ₹534.
Cut to June 2026, it regained almost 30% and breached the all time high resistance which was made two years back. This formed a cup and handle formation. June 2026 first weekly candle got its close above that horizontal resistance of cup. The high of the candle is ₹698. The handle swing is at the lows of 18th May 2026 weekly candle - at ₹539. The pattern range measured resistance into the uncharted waters is at ₹975.
(Not financial advice)
#BANKNIFTY 55194
The banking index of India is show signs of strength. After correcting over -19 % from the all time highs - made in Feb 2026 - the price kept contracting in range which was getting narrower day by day. It formed a triangle pattern from highs of March 2026 to peaks of April - May - June 2026. On lower side also from the lows of April 2026 to May - June 2026.
Cut to today - 9th June 2026 - it has finally crossed the upper trend line resistance of the triangle pattern - which was coming roughly at ₹55000 - we even got the close above the resistance today. The high of today’s candle is at ₹55319. The pattern swing lows are of last Wednesday - 3rd June 2026 - at ₹53027. The triangle pattern measured range next resistance is at ₹66400.
Generally it has been observed that banks forms the basis of major bottoms - well will it be the bottom India badly needs ?
Only time will tell!
(Not financial advice)
#AngelOne The Stock Broking Giant
On Charts - it had remained side ways since 24 months - after making life time highs in 2024. This side-ways range bound movement means investors were constantly accumulating.
But after 2 years of this - one fine Wednesday, of the third week of April 2026, it broke the upper resistance trend-line of the accumulation cycle stretching from 2024. The next pivot was around ₹330 where again the price took a bit of rest for couple of weeks. And cut to May 2026 - the price finally crossed that pivotal resistance. This whole price action formed a cup and handle pattern on weekly charts.
The swing lows of that handle is at ₹290 - the lows of May 2026. The 2 years Consolidation Measured Pattern Range Resistance comes around at ₹480.
(Not financial advice)
#RBLBANK 361
The Scheduled commercial bank of India! On Charts since September 2025 it had remained in a re-accumulation phase. It formed a range from ₹332 to ₹286 - and the price danced between these two borders for almost 26 weeks - remember this was after a bull run of 127% from the lows of March 2025. This price movement has basically formed a flag pattern on charts - with the pole of it 127% deep in the ground.
On the early morning of 29th April 2026, something interesting happened - the price finally breached the upper wall of this flag pattern - that weekly candle also gave the close above that resistance of ₹332. Next week crossed the high of previous week and now after roughly six weeks of my previous post - it has reached new significant highs of ₹361. The pattern swing lows are of March 2026 - coming at ₹287, and the measured flag pattern pole range next resistance comes at ₹515.
Such price action during sideways trend of general markets - suggests strength of the stock under consideration - in the relative strength analysis.
(Not financial advice)
#APARINDS APAR Industries Ltd. engages in the business of manufacture and sale of conductors, specialty oils, cables, polymers and lubricants.
It has crossed a trend-line resistance stretching from the highs of the year 2025!
(Not financial advice)