The stock is in a nice uptrend. If it breaks the trend line we can see a nice move towards the next resistance which is at 310. What do you think of the setup? Do comment and share your analysis.
The price is respecting the drawn resistance very effectively. The price got rejected three times from the resistance. It is also forming a nice buildup near the resistance which has the potential to give a breakout. Do keep a watch.
Axis bank is at a potential breakout area. From here it can end the accumulation phase and can enter an uptrend. Observe the chart carefully.
SBIN is in an accumulation phase after a nice downtrend. The market structure is very promising. If it breaks the resistance of the accumulation phase it will start a nice uptrend. Do keep a watch on it.
Asian paint is having a satisfying buildup near resistance, wait for the breakout.
This is technical analysis for jsw steel on the weekly chart.