ADANIENT is maintaining its uptrend structure by continuously making higher lows. It ahs completed a pullback to its 20 EMA and has closed with a positive candle today and decent volume . Keep watch on it for upward continuation. Initiate trade only when price sustains above 1504 for at least 15 minutes. LONG ABOVE : 1504 STOP LOSS : 1330 TARGET 1 : 1676 TARGET 2 : 1848
BAJAJ AUTO is maintaining its uptrend structure by continuously making higher lows. It ahs completed a pullback to its 20 EMA and has closed with a positive candle today and decent volume. Keep watch on it for upward continuation, target would be achieved if it breaks above 4300 on a closing basis. Initiate trade only when price sustains above 4200 for at least 15...
SRTRANSFIN is steadily making higher lows but is failing to close above around 1525 odd levels. The uptrend is intact and upward momentum is possible if it closes above the zone with good volumes. Keep an eye on this stock, may give a short term trade in the near term.
AXIS BANK is steadily moving upward, continuously making higher lows. It seems to be resuming its upward trend after the current pullback. A long trade can be initiated on the daily timeframe. LONG ABOVE : 752 SL : 732 TGT 1 : 772 TGT 2 : 792 All explanation and levels marked on chart.
PREVIOUS ANALYSIS : CHECK MY IDEAS Jun 13 MINDAIND repeatedly getting rejected from around 615, will it finally breakout? Jun 15 Trade active: MINDAIND has closed at 637.40 above its resistance level with good volume. Ways to trade the setup: 1. One way to trade this breakout would be to go long above today's high that is 641.40 with a stop below today's low...
ICICI BANK is steadily moving upward, continuously making higher lows. It seems to be resuming its upward trend after the current pullback. A long trade can be initiated on the daily timeframe . LONG ABOVE :646.2 SL : 636 TGT 1 : 656.4 TGT 2 : 666.6 All explanation and levels marked on chart.
BANKNIFTY is steadily moving upward, continuously making higher lows. It seems to be resuming its upward trend after the current pullback. A long trade can be initiated on the daily timeframe. LONG ABOVE : 35317 SL : 34917 TGT 1 : 35717 TGT 2 : 36117 All explanation and levels marked on chart.
CNXMETAL has been in an uptrend, continuously forming higher lows. After the recent complex pullback, it seems rested and ready to move forward and challenge its highs and possibly make new ones. Certain stocks in this sector can be traded for a short term trade and I will post my analysis of them shortly.
SAIL has been in an uptrend, continuously forming higher lows. After the recent complex pullback, it seems rested and ready to move forward and challenge its highs and possibly make new ones. It was unable to close above 128 for a number of sessions and has finally broken out past that level on a closing basis. Keep an eye out for levels of 150 and beyond.
TATA STEEL has been in an uptrend, continuously forming higher lows. After the recent complex pullback, it seems rested and ready to move forward and challenge its highs and possibly make new ones. It was unable to close above 1150 for a number of sessions and has finally broken out past that level on a closing basis. Keep an eye out for levels of 1245 and beyond.
MINDAIND repeatedly getting rejected from around 615, will it finally breakout?