After the head and shoulder breakout(B) the stock made a little fall and it hits it supply zone!! I have mentioned the targets for busted head and shoulder patterns if the pattern continues the targets are 424
Talking about the long term is a reversal point for the close. The eyes of both investors and buyers should be on this stock for deep buying. Over-reaction, which is a little more down moves us a super entry point for the trader. 495-505 are the best level for short term holding.
I will update shortly, small timeframe chart for this stock more clearity of entry...
By looking at daily chart shows a lot more clear vision of next moment for investors activities. The price is trading between value high to control price 1.
If the price starts to fall then the next target will be at previous resistance in 8595 and the gravitating target can be easy 8400.
Lagging or late fall then price can move up for...
In last update, I have updated everything about nifty which was clear. Actual support also mentioned 11854(made low 11844). Still nothing is much change in this update.
Support 11854 is strong and reference of Cycle(ii) 11934-11955 non stop move. Breaking and closing below 11812 previous investor's supoprt will push nifty down but chance is very low till.
Axis Bank Long @ Rs. 715
Axis Bank is currently trading at 1 hr demand zone which is also supported by daily and weekly demand zone.
So probability is very high for the price to go high. one can purchase for target of Rs 742.3 with in one trading week.