gsmartresearch

gsmartresearch Updated 

Price failed to build upside momentum post touching the channel resistance & thus reversed back. 20EMA crossed 50EMA downside which indicates further negativity. Avoid catching low as long 658 level is intact on upside. Price can move towards 630-620 level.

gsmartresearch Updated 

LARSEN & TOURBO (LT) has been testing neckline of Head & Shoulder pattern post breakout. Move below 1697 will take price towards 1650 levels. On the upside, resistance is at 1765.

gsmartresearch

AXIS BANK trading in the range between 510 & 490 levels. Move below 490 will open up negative possibility towards 480 & 465 levels. However, close above 510 will indicate short term uptrend.