Axis Bank has closed near the gap with positive candle one can go long above 850 sl 830 tgt 890 Disclaimer :- I am not SEBI Registered Analyst kindly consult your advisor before taking any Trading Decisions .
Chart Patterns insist me to go with the opinion titled above!!! REASONS: 1. Divislab has been travelling in a MAJOR Expanding Triangular pattern . 2. It's been travelling in a Descending Channel pattern(downswing inside the major pattern). 3. Soon the Stock may take support @ the major support.(Green line shown in chart). 4. There is also a GAP (occured...
The stock is seeing flag and pole pattern breakout seen on daily timeframes Momentum and trend indicators showing bullishness n short medium and long timeframes weekly showing good volumes too.Daily window Gap support exit at 463 levels that could be Stop loss for swing/positional or FIB retracement 23 also could be used for same purpose if aggressive.
#ICICIBank 18% breakout from previous resistance in just 2 weeks following earnings but gave up half of it forming a indecisive gravestone doji at a gap support.what else to do when even index gives up >5% in same time. Daily timeframe has a bullish reverse divergence that could lift it up. Momentum is very good on all timeframes intact in bullish zones ADX trend...
All details on chart.. Let me know what do you think here?? Only for Educational Purposes, not financial advice.
The chart looks very attractive. If one looks at its Quarterly chart, it'll seem like a test of the breakout area, and now headed higher for yet another breakout. Notice there's a similar pattern formed in Oct-Dec before it broke out. Moving along with sector. SL: Sell below Breakout Candle. TGT: Breakdown of 20MA on Hourly chart (on a daily close...
Neckline of this head n shoulders pattern is about to get breached and SBI is just hinging on slight support zone around there. We don't know how the markets gonna open today & Nifty also plays a part in opening,so it may be repelled up or can breakdown.We will enter this trade setup only if SBI has valid bearish close below 254 and when the price pierces into the...