PNB is looking bullish on the daily timeframe and due to FM announcement, the sentiment would be also positive. Buy if it sustains above 64 for targets of 67, 69 and 71. SL would be 60.90.
Axis Banking is looking bullish and good to buy. Buy @687 for targets for 720 and 730. SL would be 660.
Ready to short if it sustains below 1540 as long as 1570 is not broken upside.
Bullish divergence is seen in HDFC Bank daily chart, we may see a reversal soon just waiting for the confirmation. Happy Trading!!!
Buy Maruti if it sustains above 5724 Targets - 5852, 6111 | SL - 5440
There is bullish divergence forming on CoalIndia daily time frame in MACD Histogram, waiting for price action confirmation to get the buy signal. Would update this idea once we see the confirmation on chart!!!
HDFC has completed the retracement to .618 on Fibonacci and we may see U-turn from this level. Ready to Buy above 2149 | SL - 2075
Sell if it sustains below 654. Target - 644, 640, 636 | SL - 667
The pennant pattern is forming on a day time frame in Cummins, we may some action in coming trading sessions. Happy Trading!
Bearish divergence forming on both RSI and MACD, need price action confirmation and then short. Adding this in my watch list. Thanks for your time!!!
If it breaks this support, we may see a sharp fall. Let's see what happen in coming trading sessions.
If it takes support from here, we may see up move. However, on breaking this support we would see down move towards the next support line. Please provide your feedback.
We see Bullish Engulfing candle on daily time frame, MACD also giving confirmation. We may see bullish move in coming trading sessions. Please provide your feedback. -Rachit
Bank nifty is looking quite bearish, RSI is also showing the divergence. It may fill this gap in coming trading sessions, let's see what market kept for us. Happy Trading! Rachit
Bearish engulfing candle formed on Maruti daily chart, we may see a move towards the downside in coming trading sessions.
Dark cloud cover pattern formed on SBIN daily chart, we may see downward more in coming trading sessions.
Morning star pattern is forming in BankNifty daily chart, expect bullish move in coming days.
Bank Nifty is trading at long term resistance and trying to move further, it can move in any direction. I hope we would see good action in the coming weeks. Happy Trading!!!