AdhiSudalaissj

AdhiSudalaissj Updated 

A follow up on the idea . The stock broke the descending channel which is already mentioned in the previous chart and took support around the 50 % of the Fib levels with good volume and rejected . I have added parallel channel to have a clear view so the stock is still inside the channel . The Support / Demand zones stays the same (800/820/840) where as...

AdhiSudalaissj Updated 

Hello all traders/ Investors hope you are doing good . This is just my analysis on the Reliance stock in Weekly and Daily TF . This may give you an idea about this stock for a short term . Weekly : For the past one and half years the stock is in consolidation zone i.e the price was non directional , swinging between 600-700 points and recently a major...

AdhiSudalaissj

Axis bank had a good consolidation for the past one and half month and it broke out of the zone with a strong bearish sign . This break down can help in the descending wedge channel that is being formed from 960 levels . Once the channel is completed , we can get a more view on which side the stock is heading towards with the additional pattern of flag and pole...

AdhiSudalaissj Updated 

Considering the bullish trend with the banking sectors , Axis Bank performance is much better when compared to its competitors . Currently Axis Bank almost made a 78% retracement from the ATH levels . Current pattern and ascending channel is formed . We might expect some pullback to the 860 levels once a breakdown is confirmed before an further upward movement ....

AdhiSudalaissj

This is a monthly timeframe analysis . After a Triangle Breakout, it hit the target and now retracing for the next movement . Levels $5-$6 acted as crucial support from the month of June . For further up move we can expect the price to consolidate some time and retest the demand zones (Support Zone Order Block) for a further up move . It might or not take a 3-4...