The stock has broken the channel to the upside. One can enter at the current market levels for a target of ~ 2000.00. Strict SL to be placed at 1755.00
Disclaimer: This is my personal view. Please do your own research before entering a trade.
AXIS Bank has just broken the channel it was trending in to the upside. The stock has the potential for ~100 points up move. One can look at entering at current market levels with a stop loss at 660.
Disclaimer: This is my personal view. Please do your own research before entering the trade
YES BANK may be forming a cypher pattern. The stock can fall to the 35 levels and then see a rally upwards towards the levels of 50s. This can be confirmed ONLY if the stock hits the 30 levels and then starts reversing. For now the stock is a short with a downside of ~15 points.
Disclaimer: This is my personal view. Please do you own research before trading this stock.
One can look at going Long on CONCOR if there is a cadle close above 635. CONCOR is in a channel and Target will be top of the channel. Stop loss will be 1 point below the low of the candle.
RELIANCE is in the process of forming a Harmonic pattern. The stock has broken a strong hourly resistance and has retested the same. One can look at going long on Reliance for a ~80 point upmove. Time Span: Next 10-15 days.
