Axis Bank Ltd.
The stock is weak.
327 is an important support (78.6% Fibonacci pullback).
RSI & MACD weak. Time Trend Indicators are BEARISH.
Sustaining above 362 (61.8% pullback), it may see a pullback towards 50% Fib Level (393) and then Mid-Bollinger Band (405).
Below 327 it may swifty migrate towards 25 March low 286.
KEEP AN EYE !! #B-
ZEEL creating ascending wedge pattern in 1 hr Candlestick, RSI uptrend moving towards overbought condition and MACD crossover is above zero with 200 EMAs downtrend we may see a reversal soon if rising wedge pattern fails and a downward move.
Cadila Healthcare Ltd. - BULLISH
The stock has broken out of flag consolidation with decent volume but yet to see the conviction in buying.
337 is an important support. Once it breaks the 352 price point, it may move towards 374, 387, 400 price point swiftly.
RSI 50+ & MACD showing bullish crossover. Time Trend indicators are BULLISH in Daily and Weekly timeframe.
Cipla Ltd.
The stock made a bullish green candle last week.
RSI & MACD bullish in weekly chart. Time Trend is Bullish in Weekly and Monthly timeframe.
However, the stock is at a long term resistance, sustaining above 640, it may move towards 675-745 (prior swing highs).
State Bank Of India - MONTHLY VIEW
The price is approaching an important support of level of 140-145. This has been a long term support.
the stock has bearish RSI & MACD in monthly chart.
Below 140 next long term support comes near 2009 low 90.
KEEP AN EYE !!
#M&MFin @137 | 20-May-20
- Double Top distribution was seen earlier (07 & 14 May)
- Then big fall with very low deliveries
- 19 & 20 May again resistance days with higher & lower wicks (again lower deliveries)
- BUT but but....... On hourly chart, MACD is a BUY....... the rally above 141 may face strong resistance at 153.
- So lets get the chart to show some...
