Yesterday was a consolidation type of market, where the the buyers were unable to take out the previous highs. I had a bearish view, but the bears failed to get a follow through below 22,850 and the market moved towards the upper end of the range. This happened twice through the day yesterday and both the times the market moved above 23,100.
These are highly...
Expecting a long breakout on Axis Bank.
Financials have been muted last week, trading in a narrow range, with low volume. The breakout may test the post-covid highs at 481.
BULLISH PENNANT FORMATION:
The breakout can be confirmed by the price sustaining above the top trend line.
The horizon is upto 2 weeks, but the...
Still stock price travels on the handle portion (long handle)
Waiting for support from nifty side....
Also travel on Descending triangle pattern looks for short term bullish breakout....
Give u r likes and opinions...
Its one scenario that I have been looking for. Also anticipated that down move from top before it happened and now if it follows my structure then we will see the all time low in history. I don't know how it will look like then but its gonna worst situation we ever seen. I hope we all gonna survive this.
This is a weekly chart of ShriRam transport Finance Limited.
As shown above stock has given a bearish Head and Shoulder pattern at all time highs on long term charts which signals the big rally it had may be coming to an end.
Sell stock on rallies towards 1180 1220. Positional targets are 940 and 880
Based on my PredictiveSystem's signals, its going to be a GREEN candle on 31-May-2018 for BAJAJFINSV
Buy Above: 5973.9 for targets -
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before...