ArcherDAVIS

ArcherDAVIS Updated 

Seeing a lot of resitance at 196 and may approach the lower end of the range.

ArcherDAVIS Updated 

The bottom trend line indicates that the price is making higher lows, while finding resistance at Rs.99. This provides a good entry point at CMP with a target at about 100 while keeping SL at 90.5

ArcherDAVIS

The breakout rallies yesterday helped both the indices through the short term resistance. Although, with the lack of significant positive news and extension of moratorium period by another 3 months. The rally on BankNifty may be simply because of the FO expiry today.

ArcherDAVIS

This stock although a small cap, has shown significant returns since it's IPO late last year. Wait for a retracement to the marked green line and then build long position.

ArcherDAVIS

Could DJIA breakout of its short term narrow range and have significant upside, or face another sell off?

ArcherDAVIS

Bank Nifty is testing the 18760 levels for the 4th time in the past month. If there is a breakout which I am expecting in the coming week, the index should correct to 17980 levels.

ArcherDAVIS

Axis Bank has made a lower low, and is at a short term resistance where it faced a sharp intraday sell of on Thursday. If the sell off continues on Monday, there is a good opportunity to short. The stock may see correction towards 400 zones. Will be observing the moment in Monday's trade. Possible Trade: Stop Loss at 455. Target Price: 405.

ArcherDAVIS

Bank Nifty has crossed the important 20620 resistance level, the trend looks strong for a strong recovery.

ArcherDAVIS

The white line marked in the chart, is representative of a resistance zone right now, which has previously also acted as a support which was broken. Expecting the stock to breakout of the resistance and move upwards.

ArcherDAVIS

Although the market has been booming for the pharma sector in India, it is at an important resistance, and it will be interesting to see if it continues to outperform the market at the same rate.

ArcherDAVIS

Strong global cues coming in from yesterday, after Trump has announced a 3-phase plan to re-open the economy. Dow Jones is showing signs of support around the 23500 zone.

ArcherDAVIS

It has been in a narrow range for a few months, expecting it to rise to high of the range.