EXIDEIND can show a upmove from here. We will wait for a Decisive close above EMA20 & EMA200. For risk takers , they can enter after Bullish engulfing or Hammer candlestick pattern and place a stop at the low of range
Stock now making higher highs and higher lows & is above EMA20; stock might come to test or give breakout of previous high
ASIAN PAINTS showing strenght, having breakout of EMA200 with high volume.
REC ltd showing strong bullish momentum, it is giving a Breakout of EMA200 & Strong resistance zone with heavy volume. Wait for retracement to EMA200 for Long Entry
Bajaj Finance showing strenght, now in uptrend which is confirmed by volume.
Axis Bank showing strenght, now seems to be in uptrend which is confirmed by volume.
Analysis based purely on technical analysis. Change of trend as shown by EMA50. MACD showing weakening strenght of BEARS and raising strenght of BULLS.
This setup is based purely on technical analysis. According to EMA 50 trend has changed. MACD is showing 'Bears' are weakening & 'Bulls' are gaining strenght