i don't know pattern name but may be "curve pattern "
with high volume break-out ..
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AXIS BANK: Looking at it through curved trendline, It seems to be at a crucial support an has the chances of rebounding for nearly around 4 -5% of return. Another confirmation would be 0.786 Retracement level of the previous trend. And after so huge fall expectation of a dead cat bounce is not at all superficial. The dual confirmation of curve Trendline and...
Info Edge has broken down the trendline and also forming a curve pattern. And also given a closing below important support. So it shows a high probability of falling further to support.
Curve line is acting as good support. Stock is trading in good volume. Target is 350 as its another resistance zone.
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The price is currently in a clearly defined upward trend and has formed a Curve Line that the price has already touched 3 times, even with this the price is approaching the zone of 1.33600 in which it has previously been rejected and the current economic conditions may not be so favorable to the UK as to exceed this zone. So we expect that there will be a fourth...
