USD/INR is moving higher which will improve Margins of IT companies.
Refer Charts
PNB-Bullish Divergence on RSI PNB is showing clear bullish divergence on daily charts where price were making lower low whereas RSI was making higher low, final price starts moving up with higher volume. so it suggest accumulation on PNB charts.
As i had shared in my previous post that Pharma is coming out of a 3 year long correction zone. there are 2 Pharma stocks part of Nifty 50 which will attract Hugh investments going forward from FIIs, as they focus more on Nifty 50 companies. So we are expecting stock to move higher from here and will test its previous high of 740 odd levels in days to...
Pharma Sector out of Bear Grip
Axis Bank Long Call- Axis bank is making rounding bottom formation on daily charts with a base near 490-500 levels and a breakout zone of 550-555. last Friday stock closed near to its breakout zone of 555. Considering stock results are going to announced on Monday, we are expecting a breakout to happen which could take the stock to near previous highs of 600-620...