bank nifty taking support from lower levels plan your trade accordingly for intraday wait for pennant breakout for clear trend
Higher Low formation price sustained above downtrend trendline Pennant pattern breakout with huge volume RSI Divergence on 4 hours chart Buy above 365 Target 400/430 SL 335
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. STRATEGY: BULLISH PENNANT FORMATION: The breakout can be confirmed by the price sustaining above the top trend line. BUY: CMP SL: 418 T1: 465 T2: 485 The horizon is upto 2 weeks, but the...