Nifty developed an 'evening star' pattern in daily chart, which is a very strong bearish signal. Ahead of Ayodhya verdict, market is selling off from the strong selling zone near all time high. There is a strong possibility of an extreme volatile market in the coming days due to the high sensitivity of the issue.
If price breaks the blue trendline, I am...
Axis Bank has crucial the upper trendline Resistance at 575 and is forming Inverted H&S Pattern which is a bearish Pattern. Can be shorted below 554. SL 563
Please consider following reasons -
1. Trend Line Resistance
2. Negative Divergence on Stocastic
3. Inverted Cup and Handle Pattern
stock trading near weekly support and after a descent fall given some scope of rise in the last some hours of trading today !
with a stop loss @ 1090 095 range and keeping targets of 1147 , & 1170 , better stay long in the stock with a fair chance of