Today Axisbank has break the resistance in 15min chart, we also see there are so many resistance, one is at 522 and second one is at 530, once 522 resistance break with heavy volume we can take long position for target 600+
In previous chart we expected a good selling and later to take long but the pattern is being changed, as per current scenario we see a there is a channel formation after breaking it will take to 1160-1170, Now the trend line is the crucial resistance as it resist many times, we see this time it might break the line and head towards 1250+. Once it...
For investment this stock buy and forget it, we see moving average yet not given confirmation and it might take time to confirm it, before that we see the trend lines, for long term keep watch or buy from current level and if it breaks then add more at 180 range for target 260 above.
As per daily chart we can see the waves formations and it has completed 1 2 3 4 5 and A wave, for Intraday or a week you can take buy position near support zone to complete B wave as a target, but as per my view, we should avoid long at present stage and wait to complete the C and think that time.
WOCKPHARMA, We got crossover confirmation in buying zone, even though a beautiful triangle and looks soon to be breakout with heavy volume, once it break and sustain and close above or near to 622-625 range, we can buy for short term or long term period for target 650 - 655 range & 700 range.