Market_Crux

Market_Crux

Axis Bank is at resistance level of 634. Previously two times it was reverse from this level but recovered with good momentum, this indicates bulls are more strong at this situation. This time there is much possibility it will break this level, we may see 640, 660, 700 and 750. Stok is almost bullish on weekly and Monthly chart. Suggest to accumulate in the...

Market_Crux

After a great dip of March, market has risen sustainably and distribution has been done systematically. X-X, Y-Y and Z-Z phase distributions we can see. After this a probable big correction, we can see, which will be inevitable above the trendline. One can see blue candle crossing the trendline giving the confidence to the market and we have seen another...

Market_Crux

ICICI Bank has consolidated in the range of 340 to 380. Moving average band suggest the bullish trend formation. Stock is in short term uptrend above 380. There is high resistance at 390 and 415. Suggest to book partial profit at these levels if you have positioned it at below levels. If there is good momentum in NIFTY and BANK NIFTY and if it sustains above...

Market_Crux

It's bullish on monthly charts too. After considerable correction, the second bullish wave has just started above 60, so one can still accumulate if near term if we see any downside keeping strict stop-loss at 60. On the daily chart, it is very bullish and the uptrend has already started. Suggest to book partial profits sequentially at levels of 90, 100, 110,...

Market_Crux

WABAG is forming a triangle pattern on the daily chart. The movement is very crucial. one can average at 186, 203. If it breaks these levels then further downfall expected until 150. On a positive note, the price looks very strong and most probably it will try to find the breakout above 213 or 218. If this happened one can see an uptrend with resistance at 250,...

Market_Crux

It's in the accumulation phase here. One can collect it in between 127 to 141. 147 is of high resistance. If it breaks 147, then we can see 160 and 190. Play with a strict stop loss of 127.

Market_Crux

Hello Friends, I have tried here to analyse the upcoming move in the Nifty. Which is highly influenced by the China India stand-off and the global factors. The market is waiting for the good news to have the breakout above 11,800. Before that market will face the high resistance at 11675 and 11800. looking at the overall fibo movement since march, the...

Market_Crux Updated 

NSE:GICRE is the zero depts government insurance company. Recently listed in 2018. Got bitten down due to global impact. This stock is having very high potential to gain in future time. Note that due to very high beta ratio this stock is so volatile so play with strict stop loss. Also nifty sentiment to be observed. Based on moving average basis the bullish...