The year end is here and we will get an opportunity to see the FIIs & DIIs gameplay while FIIs close off their positions and our DIIs will be opening new positions to prove their NAV valuations. Mark these levels on a 3 or 5 min chart and play according to TRENDLINE breakout. Will work pretty much 80% of the time.
TWO OR THREE CONSECUTIVE NEGATIVE MONTHS ALWAYS PUSHED MARKET TO GOOD HIGHS IN THE NEXT MONTHS. CAN WE EXPECT THE SAME THIS TIME AS WELL?
Better now than when BTC is in 90K plus stage and ppl expecting 100K to touch. Then it would be a blood bath. Keep buying in dips or just HODL till it tests 18K levels too. Or just uninstall all apps and check after couple of months.
Expecting to touch 17500 and take a reversal or continue the correction till 16500 levels. Fingers crossed. No positions. Just educational view.
Chart shows a little support on the current couple of candlesticks. But, better to hold back and wait for trend change.
Acquiring a lot never does any harm. Will put 29 as SL
Looks like there's nothing much bulls can do for AXIS BANK. Wait if you are feeling lucrative to step in at this price point. Axis Bank looks like that Alphonso mango right now. But, there are symptoms of illness lingering around it. Go for swing or day trading around it based on candle stick patterns and Support and Resistance. Follow me for regular charts...
Can expect another bull run if XLE can sustain above the gap and pertain to its trend. Fingers crossed.
But will the fav scrip be able to hold on to its reins?? I presume that it can come up with a strong upmove given the utilities that we Indians desperately run around to accumulate.
That was a consistently good run. But, whats burning under the hood??
Why such a hurry when you have not so many good news under your belt??
Is there a catch? VPA without V. Hmmm. Shorting tomorrow to scalp on the same day.
Robust resistance at 820 levels can prove a hindrance to the wild ride of Escorts. But, very good for short term scalping. No trade.
Not a part of the trade. Just learning price action.
324+ is the potential barrier AFAICS.
Axis Bank is dangling like a Northern star without losing its shine no matter how many bricks Indian banking sector is throwing at it. Wish it can get out of the barriers soon and fly sky high. Bullish trend is observed.
We need to tread carefully. Intraday traders can reap benefits based on momentum and short term trend direction, taking 5/15 minutes candles into consideration. If looking at Intraday, then keep your fingers fast with at least 10-30 points profit, and exit. BNF, as of now, is like a drunkard in a Hummer.
Break 126 and take its support or take support from 117. If not, bye bye Adani Enterprises. Free fall till 96.