Priceactiontrading
AXIS BANK LONGAxis Bank has formed an ascending triangle pattern with major resistance at 458-460.
We can see rejection at the resistance for two times.
Once the stock breaks above the resistance, wait for the retest at the support levels to take a position
Target - 485-490
Take small but consistent profits to earn gains!
NIFTY LOOKS BULLISH FROM HERE!The in depth analysis has been explained in the chart itself. My whole analysis is on the basis of pure price action and no indicators are involved/used. Similar chart analysis can be seen on reliance chart as well on friday. Looks like on Monday reliance may support nifty to move upwards!
PVR PVR has been range-bound from last few days
Looking at the Charts it can give break out any side that's what I can see
It is running in Symmetrical Triangle from quite some time
Either side will be a great move
Keep this stock on your radar
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Shou
SBIN good for short term.Today SBI has given an break out with good volume on Daily Time Frame. If it will be closing above 200 in Weekly Time Frame i will take this for short term. Target is mentioned on the chart.
Note - These are not buy or sell recommendation. Kindly do your own analysis before investing your money into any kind of financial instrument.