Uptrend
Massive volume in Federal Bank on 28th AugustBSE:FEDERALBNK Volumes have spiked to 130M during the Aug 28th Trading session.
Federal Bank showed a breakout with huge volume after weeks of consolidation between the INR50.00 to INR58.00
Expected Federal bank to reach next level of consolidation from the next trading week.
Banknifty saw gains of over 4% during the same trading session.
OANDA:USDINR fell against the rupee.
Buy Tech Mahindra @ CMP of 726Buy Tech Mahindra @ CMP of 726
Target - 736, 746 SL - 716
(Resistance at 730 - 732.2 Zone)
Stock is moving in up trending channel. Expecting continuation of trend after retracement.
Trading near trend line & Moving average support.
A strong momentum in in ZEELZEEL is showing a strong momentum. Once can go long for positional trade.
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.
LONG if breaks the trend lineStock is in long term uptrend, so probably will break the trend line!
Might be a good long Opportunity. Can book partial profit at hurdle or can trail SL.
Eicher Motor (Elliot Wave)--Target 23573Currently Eicher Motor is in Impulse Wave (Wave 4). We can expect a targetgt of 23573.
Godrej Properties showing breakout after consolidationGodrej Properties showing breakout after consolidation with strong volume from it's support level 200 period EMA. Higher possibilities for further up moves if supported by the market.
Divi's lab strong uptrendHigh Risk!!
It has broke the resistance and now may face an strong uptrend
Buy only on rising above @ 2434
With stop loss of 2412
Colgate palmolive on ResistanceOnly gives a buying opportunity if Breaks resistance an reaches @ 1454
Or else might expirence a downside momentum!
Marico: Heading towards ResistanceThis is a potential buy setup in this uptrend with SL 338.75 and targets 379 or higher towards 400 resistance zone.
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Regards
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
HDFCBANK - LONG - INTRADAYNSE:HDFCBANK
(FOR LEARNING ONLY)
Price currently trading in ELLIOT 5TH WAVE
Volume expansion when price moves up suggests the strong bullish move
Relative Strength is on rise
PRICE MIGHT MOVE TILL 1200 IN 3 or 4 SESSIONS
TG1 1120 TG2 1200
SBIN Trend Analysis ~ UPTREND ~ 50 SMAAs per the 50SMA(Simple Moving Average) SBIN trend Analysis is moving UPTREND.
For Education purpose only.
