Axis Bank Seems to stay Strong at the Current level of 1070 for the past 5 Sessions , which seems to be intercepting point for Pivot, Fibonocchi and Trendline Support , Short term move upto 1150 can be expected on Stable market Condition . Repositioning Pivot around 1120 for upcoming Week may make it possible . Setup : NSE:AXISBANK Buy Near 1070 Book Near...
After two Consecutive Selling sessions , it may or may not be a bearish moment in immediate session but to test pivot levels at 1280 and may bounce back to Higher Prices , Forming Lower lows consecutively , but didn't step into oversold zone still as per RSI , the 3 month trendline and Moving averages on daily chart shows it may test the pivot levels sooner ,...
Having its median around 1340 for 18th Dec , and previous closing at 1333.75 , May open higher or at the closing the next day if the Selling Pressure continues it may reach till 1314 which act as a very strong support , at weekly and monthly also , but the trend for icici may change to Bearish . Average Volume and price decline indicates Short build up , bearish...
May retest the 1290 Zone , with upward potential upto 10% from current price 1345 , as consolidation of one week and sudden surge on the last day of the week seems a bit unusual thing .
Lupin stood strong @ 980 zone . Major support formed for consecutive fourth time . Indicators shows Sideway movement following weekend selling on Aug 21,2020 . Can expect a Target of 1016 by upcoming trading session. Signals Bullish . Breaking out of declining resistance.