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Trader1668
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Markets Allocation
100 % stocks
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AJANTPHARM 33% | 1 AXISBANK 33% | 1 MARUTI 33% | 1
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Go long in Maruti@6975-6950 for target of 7300 and SL 6830
MARUTI
, 1DLong
MARUTI: Go long in Maruti@6975-6950 for target of 7300 and SL 6830
Updated 

There has been a breakout from Pole and Flag today in Maruti. Increase in volumes compared to last two days shows buying interest. Maruti now trading at 7000 level. Wait for retracement towards 6970 levels for entry. target of 7300 and SL 6830, RRR - 2.0

Breakout on Daily and Hourly Cahrt
AXISBANK
, 1DLong
AXISBANK: Breakout on Daily and Hourly Cahrt
Updated 

Strengths: 1. Axis bank has breakout from the triangle kind of pattern on daily chart and break out from raising channel pattern on hourly chart 2. Increase in volume compared to last 3-4 days 3.Results on 28.10.2020. 4.Market outlook is positive Threats: 1. 200 DEMA at 495 level which may act as resistance for tomorrow. 2. Todays move is not limited to axis...

Triangle Pattern Breakout
AJANTPHARM
, 1D
AJANTPHARM: Triangle Pattern Breakout
Updated 

There has been a breakout from triangle pattern on daily chart. Go long@1526 for target 1700 with SL at 1589.

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