Next few target levels of Cadila, I have drawn rising expanding channel with wave counts. I am really excited for upcoming news. Cipla and Cadila were the two picks from me since the starting of this COVID Era, I knew their capabilities. I expect some consolidation in the stock, till 540-550 and it will be a good buy.
TCS breaking out of a triangle and the price is moving in a rising channel.
Go long as per your risk appetite and capital management.
Buying breakouts offers a poor risk-reward ratio. So it's better to look for a suitable risk-reward before trading.
Bharti Airtel has been on a good run recently. Technically, it's trading along a rising channel. The current price i.e. closing price on 4th Jul of around 362 has run the stock in to a strong resistance area spread between 360 and 365. For the recent bull trend to sustain, a break in closing basis above that resistance area is critical.
From technical stand...
ICICI Bank trading through a rising channel. 435.5 to 436.75 region seems like a good support zone and that can be expected to hold on well. Once if price breaks above 444, we can expect a quick move to 450 and even beyond. Demand areas noted in chart.
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Axis Bank bounced off from rising channel support at 760. That price also seem to be a horizontal support area. If the stock holds on to the channel we can expect a considerable move upwards. Notable resistance is at 820 area where life time high falls as well.
(Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general...