Nifty, Banknifty, Top Stocks Weekly Analysis#Nifty50 and #Banknifty saw a day with some bearish bias. Their down-moves were 2x their upmoves.
Where do you think the #stockmarket is heading?
Important Nifty levels and Banknifty levels for tomorrow:
Levels for Nifty: 15,596, 15,660,15,733, 15,750, 15,835 15,986 (don't want to pick tops)
Levels for Banknifty: 34,130, 34,420, 34,640, 34,800, 35,011, 35,250, 35,340, 35,400, 35,529, 36,455
AXISBANK
Banknifty breakout ready? Nifty, Banknifty, top stocks analysisImportant Nifty levels and Banknifty levels for tomorrow:
Levels for Nifty: 15,596, 15,660,15,733, 15,750, 15,835 15,986 (don't want to pick tops)
Levels for Banknifty: 34,130, 34,420, 34,640, 34,800, 35,011, 35,250, 35,340, 35,400, 35,529,
Channel and Wedge break in Axis BankNotes:
Might look at taking a long position if the candle manages to close above 755 intraday. Targets would be 760 and maybe 766 for Swing.
Please note - Not a SEBI Registered Advisor/Analyst. Only for Educational Purposes. Please Consult your financial advisor before you take any action.
Flag consolidation in AxisBankNotes:
Yet another 1% consolidation scrip.
The top of the consolidation (766.5) also happens to be a significant level according to historical price patterns.
Could be one of the scrips that help BankNifty hit the target.
Please note - Not a SEBI Registered Advisor/Analyst. Only for Educational Purposes. Please Consult your financial advisor before you take any action.
Ascending Triangle in TataSteelNotes:
Looking forward to a long position beyond the resistance range right above the pattern,
In case that fails, I might look at an alternative short position with the final target around 1.5% from the breakdown levels.
Please note - Not a SEBI Registered Advisor/Analyst. Only for Educational Purposes. Please Consult your financial advisor before you take any action.