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Axis bank have multiple support levels to look out Checkout charts for price levels
Even though Ashok Leyland doesn't fit our investing framework, posting this in case it will be useful for already invested investors
Stocks dont double over night They need time some time months some time years If you see the 3M India in longer time frame stock doesnt move for years. That is when you ability will be tested and who stayed in the course will only be rewarded at the end So as an investors be patience until noting changes fundamentally in a company
How to trade Cup and Handle pattern? The Cup and the handle pattern is basically the retracement from the prior top to about 1/3rd of the vertical height of the cup. Cup and Handle pattern can be seen both as a bullish continuation or reversal pattern. Cup The Cup is usually “U” shaped and may be considered as a rounding bottom with almost equal highs...
Considering the impact of Loan Moratorium and Upcoming foreseen rise in NPA, PNB could slip below 20. PS: Idea is just view, not any buy or sell recommendation
Called the top two months back. Knew that it was dipping. Posting it now cause didn't know about publishing back then! :)
DXY Index dipped from where I marked it. Let's see where it reaches! :)
It looks more weak as it closed below 52W Low. it may fall further and it has already given poleflag breakout around 78 levels. hoping for oil demand growth, we can set for lesser targets. it may go upto 70. if still not able to reverse it may go upto 62 levels.
DEEPAKNTR failed to make Higher High after making a new 52W High. If DEEPAKNTR opens below today's close price and closes in Red, then it may try to break the support line. then it could retest 490 levels followed by 430 if not able to sustain above 490. it made a reversal pattern at high
BIOCON is consolidating in 345-367 range for the last 10-12 sessions, breakout of either side given a very good momentum. put this in your watch list. Closing above 367 on daily basis gives a very good momentum towards upside. similarly downside as well 345 acting as a support, if it breaks it go upto 300.
NASDAQ is moving perfectly within a rising wedge. there is a gap above which will act as a resistance.
NIFTY has broken the channel in which it was moving up also the gap due to island reversal level and the trendline from below will act as tough resistance unless a big trigger breaks it above. restest of gap is possible
Breakout os done and see strong uptrend till 4500