COALINDIA price action has been very negative for almost 2 years now. But now it is at a major support level band of 240-245. It took this support 3 times earlier within last 7 years and bounced back. Will it be luck this time as well. If it bounces back from this level, then a long can be initiated and it these support levels breaks, one can enter a short. Will ...
Axis Bank is near its 200DMA & 100 DMA. If it takes support at these levels & breaks out above the 530 resistance, then we see a huge upside, going all the way to 640. If not it can breakout on the downside at 480 & go towards its previous lows of 430 & 380. Watch out for this set-up. No trades at the moment.
UPL price action is now at a unique position. On one hand it is at all time highs trying to breakout above 720 but also formed a bearish AB=CD harmonic pattern. Which one will prevail? Breakout - if price closes above 720 & sustain further Fakeout - If price closes below 720 Let's wait and see price action & see if we can enter Long or Short.
ARVIND attempting to breakout above 365 for the second time after failing the first time. If ARVIND closes above 365 & next day is confirmed by another green candle, then one can enter long to take advantage of a breakout. If ARVIND fails to breakout above 365, then one can enter a short. Keep watching the stock for the price action.