Maruti has been moving in an uptrend channel. Currently its in consolidation phase on this smaller time frame where price drifted down to 5885 zone. It may retest this level again before breaking out of the trend line for a target of 6025-6050.
1. Let the price settle down in the 5885 zone or lower before taking trade.
2. If price opens with a gap above trend...
ITC is a index heavy weight & Fundamentally very strong stock . It is a must have stock for long term investment portfolio stock in FMCG sector.
It is on very good levels and chart looks strong too. It should be on your RADAR..!!!
It is satisfying all the rules which we follow to take a trade :
1. Always buy/sell with the trend.
2. Always wait for the last kiss/breakout.
3. Always buy the second candle after retest.
Please follow the stop loss as intraday is all about minimizing losses and maximising profits !!
Feel free to follow me on Quora (Jago Niveshak) for daily calls and...
BANKBARODA is on its common support resistance position same as in early aprill, there is chance for either uptrend or downtrend,also a chance for a sideways trend. Most probably uptrend since RSI is in between 50-80. Keep waiting and if it cross his point to up, chance for a uptrend or there is chance a downtrend.
After a huge fall from 763 levels in Feb to 284 bottom levels in March, Axis bank is probably heading upwards.
As marked in the chart initially 447 and 487 in later stage would be key levels to look for.
I'm bullish on Axis bank above 447 levels. 487 would be the first target to look for.
Time frame - 1 Hour
As 3 days ago ICICI sold a large stake of ICICI Lombard stock fell near 5-7% and not ran up recently much.
I would suggest to go for long at this point to capture 20-50 points.
Support from the trendline has been confirmed.
#Banknifty show the great up move and doing the up side and closing is 21708 and if #cross 22100 then come to 22500-22800 again in some time and #downside supports is 21400 if break and stay below then come to 21100-20700.