if 291.8 is taken off on closing basis price will move upwards.
one can buy around this price stoploss 550 to the pull back. It seems upside limited, one can play for pull back
NOw it has to take support around this area and may pull back to the level of 414, If it fails or breaks this level of support, price may lead to 377 levels, then can go short. , always follow price action, prediction cannot be done in this financial market as it is not astrology
on daily chart it looks as if it is going to correct , but on weekly chart it is showing bottoming out, may see some pull back downwards and expect the stock to take off .
please anlyse and give your vluable feedback
axis bank is athe lstlart of this monthly range, it attempted to break 2 times this month , now it has come back, if all of you come forward with your opinion , everyone will get edge to trade.
is it range breakout or false breakout? I am opening discussion on this topic, because, it helps to know different views . I request all of you to put your opinion on this, so that it helps to improve
one can look for retracemnt down here
It appears it is going to correct, One can go short for the lower end of the channel touch aroud 467, but with strict stoploss of 525. If it fails touching and going above 525 is clear indicatio of weakness.
can look for buying to the target of 105 on upside, stoploss 92.21. weekly chart showing strength towards the upper target of 105,.
price may push upto 194 and even it may touch 204, but , long term upper range it will be touching that price, so think of the risk reward who are long from 148 can book profits around this price , wait for the quarterly results to unfold
Havels is showing early signs of fatigue, on can go short with stoploss of 495
sell with the target of 521
buy with the target of 529 and then 537 stoploss 514.5. It is in the broder range from 571, it may try to push upwards to touch the range ofor fall short of it, now you can see price push towards the upper range.
In support of bearish bull view, i am updating this weekly chart with negative divergence on rsi while price was making higher high. May pull back to the level 521 and then to 514