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Shashi Dhar Kumar on Muck Rack

Shashi Dhar Kumar

As seen in: MSN India, DEV Community, DZone, U.S. NAVAL INSTITUTE, Amar Ujala, HT Syndication, Trade Brains
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Articles

Hero MotoCorp Forms A Descending Channel Breakout Signaling A Short-Term Bullish Breakout

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By Shashi Dhar Kumar
| Trade Brains
Hero MotoCorp Ltd, after a phase of controlled decline in recent sessions, has formed a descending channel breakout. From the above Below, the stock has clearly given a breakout from the channel. On Thursday, Hero MotoCorp Ltd. moved above the channel neckline and sustained itself above the key Rs 4,980 level. Closing at Rs 5,174, the stock’s volume-backed breakout indicates emerging near-term bullish momentum.
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Chennai Petroleum Ltd Forms An Ascending Triangle Pattern Hinting At A Short-Term Bullish Breakout

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By Shashi Dhar Kumar
| Trade Brains
An ascending triangle is a bullish reversal/continuation pattern marked by higher lows and a flat resistance line. The chart shows a confirmed bullish breakout above the resistance neckline. Supported by volume surge and points to a potential short-term upward move. On 21st July, Chennai Petroleum Corporation Ltd. broke the resistance neckline and sustained above the Rs 1,250 level, which is now acting as a support zone, reinforcing its bullish momentum.
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Gabriel India Forms A Rounding Bottom Pattern Hinting At A Near-Term Bullish Reversal

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By Shashi Dhar Kumar
| Trade Brains
This pattern suggests that bearish momentum is gradually fading while buying strength is steadily building, indicating a potential bullish trend. A rounding bottom pattern forms a smooth “U”-shaped curve, indicating a gradual shift from selling pressure to strengthening buying momentum over time. Gabriel India Ltd. confirmed a bullish breakout from a rounding bottom pattern neckline on 15th July 2026.
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