Probable Uptrend in Axis bankAfter 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.
Uptrend
IndiaBulls:Pennant Formation- Possible BreakoutIndiabulls is gearing itself for a major breakout.
Price is in consolidation zone after a major uptrend & volume consolidated after a decline.
It has formed a Pennant structure & uptrend will continue once it breakout of the upper trend line.
Major resistance at 235-238 levels.
Entry would be above 238 once it breaks the resistance and upper trendline with heavy volume.
Target: 280
SL: 210
AMARAJABAT | 10 JULHORIZONTAL LINES FOR SELL
FIB LEVELS FOR BUY FROM PREVIOUS CLOSE
ALL THE BEST...!
BANKBARODA chance for a slight uptrend 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.
TVS is fetching profits from past 3 days (8th July 2020)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 screenshot updates for these trades.
Maruti: A Potential SetupMaruti 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 line, wait for pullback to trend line and then take trade.
This is a short term setup and should be complete in a day or two.
Manage your risk before taking this trade.
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