BAJFINANCE is currently trading in a channel in 1hr timeframe. It is testing the support of the channel for the 5th time. There are chances for BAJFINANCE to breakdown the channel ( not 100% guaranteed ) and take support around the horizontal lines which are placed around 4500-4650. If there is a breakdown confirmation alongwith volumes then you can SHORT FUTURES...
AUROPHARMA is in a rising wedge pattern & as it is mostly observed the rising wedge pattern breaks on the downside ( but it is not guaranteed ). If it breaks on the downside the horizontal lines will act as a support and any reversal candlestick pattern near the support can prove to be a entry point for a positional trade. If you trade FUTURES then you can short...
This is AXISBANK chart in 1hr timeframe. It has given the pattern breakout in previous trading session. The horizontal lines represent the resistance points & can be treated as near term targets for positional trades. Stoploss can be kept at the swing low. Risk management is the key to success in market. Happy Trading! ( If you have any thoughts I'd love to hear...