Axis Bank has breakout Symmetric Triangle formation- This consolidation formation is usually a Continuation formation where previous trend will continue after the breakout, so in axis bank we see a Big uptrend coming in weeks to come. Investments Targets As Axis bank has spend 3.5 years in this formation from Feb'15 till Aug'18, so we expect a Re-rating of the...
ONE OF THE MOST SUCCESSFUL FORMATION FOR INVESTMENT AND POSITIONAL TRADERS.
Stock for the Coming Week- Long JSW Steel- Buy- 352-357 SL 345 Target 375 Technical Reason Breakout of 345-346 Zone Trading in Channel formation
Nifty Outlook for 27/08/2018-LONG Daily View- Positive Weekly View- Not so Positive Overall Nifty is in uptrend and taking support on Trend line, so we should look for buy opportunity on Dips, today nifty had given a opportunity to buy on Dips as i mentioned in my Yesterday chart to buy near 11540-550. We have a Positive view on nifty for a target of 10630-650...
Nifty 50 has made Hanging Man for 2 continuous days, which gives a cautious outlook for the Nifty at least. Major reason for Nifty consolidation is Bank nifty which is under performing the market. Overall Nifty is in uptrend so we should look for buy at dips. Nifty 50 can be bought near 11540-50 levels for a target of 11630 in 2 days. As long as Nifty is...
Bank nifty is looking a bit weaker then Nifty 50, so any correction can create more pressure on Bank nifty.
ITC Flag formation on daily charts with Base formation on longer time charts.