Consolidation
National Peroxide Accumulation done, Ready to MoveAll observations on chart.
Stock is consolidating since May 19 till today.
Even during crash and bull rally stock didn't participated either.
Expecting a good move here.
Consolidating since long time and good volumes seen recently.Stock is consolidating since October'19. Showing up good volumes over the past couple of sessions. Safe traders can take entry if it breaks 41.5 with strength. Risky traders can take entry as there is also support from 0.6 Fibonacci level currently.
Axis Bank - Descending triangle after run up - Buy @726Buy axis bank at the bottom of the pattern for small sl and big target. There is very less chance that this stock will fall below the pattern support. Banks are looking strong after this correction and as infra projects will be starting so more lendering is expected. Therefore no sign of bearness in this stock.
Target 824
Sl 700
Buy MindtreeBuy Mindtree above 2027 Stoploss 2000
Study: Stock is consolidating near 2020 level...if breaks it with volume then can move up further
ADANI is close to bounce back from the channel and break consoliAdani Enterprises is in strong uptrend. Though fundamentals suggest this stock is overbought, technically it looks like it is in consolidation from a few days, and following a channel pattern in consolidation. It may happen that it will come down some more and then it can take support.
Now, it may happen that consolidation will continue for a few more days, but it will bounce back after touching the lower end fo the consolidation channel.
KOTAK BANK ANALYSISExplanation on the chart.
The price seems to be rejecting lower levels very sharply and seems to be consolidating above the 200MA on the 1 hour chart. 1900 is also a psychological level that is acting as a good support over the last couple of sessions.
I would consider the current price to be a good entry point on the stock with a medium term perspective and the price could re-test 2,000 soon.
These are my personal views and I reserve the right to be wrong. Please trade with appropriate risk management.
Gujarat Alkalies - Bullish View - Medium Term HorizonGujarat Alkalies - The Share is showing an extended parallel channel
Good levels of consolidation seen in larger time frames
We intend to buy at CMP = 313-314 for a medium term holding horizon
Stop Loss = 300
Targets = 350/370/390
Excellent Reward Risk Ratio
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