After the sharp down move early this year Axis Bank has been consolidating with an upward bias. One can observe the formation of a symmetric triangle in the daily and shorter time frame charts. The stock has been receiving support in the 413-428 range in the last couple of weeks. A break above the long entry price point mentioned in the chart can take the price...
This is in continuation to the earlier post on Bajaj Finance.A strong bullish head and shoulders pattern seem to be in the making in lower time frame charts. One need to wait for pattern completion for safe trade entry. If the price manages to cross and sustain above the neckline placed near 3330 , the targets mentioned in the chart could be achieved in August series.
Bajaj Finance, one of the most stable companies in the NBFC space has been making higher highs and higher lows since the recent fall where the stock witnessed levels as low as 1800. After a strong upmove the stock has been consolidating in a narrow range in the last month. The weekly chart shows positive swing trade setup and can offer attractive risk reward for...
From the life high price made in 2017, Hero Motor stock price has been on a consistent downward move. Earlier this year the stock fell near to 1500 levels and ever since has been making an attempt to reclaim some of the earlier support levels. The last four weeks price action suggest that the stock can climb to higher levels if it defends 2240-2200 levels which is...
