Expect a gap up opening in Nifty & Bank Nifty and check out 5 stocks to watch out for this week swing & intraday trade setups.
Please do check out for the details review & possible trade setups in nifty , bank nifty & other stocks to watch out for the coming week.
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The predicted buy & sell zones plotted...
I will buy AXISBANK because :
It has been taking support at the trend line .
It has touched the trend line 4 times and has not been able to break it.
So will be looking at buying opportunities.
Entry : 442
Target : 535
Stop loss : 417
India Bulls Housing Finance looks good to me.
However, need to wait for the price to correct a bit and let touch the trendline and support zone.
If it holds and shows and reversal candlestick pattern, I will take long position in IBULHSGFIN with a Stop Loss at 120.