This PSU stock is breaking out of 16 years resistance and is at ATH now
- Fundamentally strong company - Profit margin has recently been affected by the raw material process. - Stock chart is in a clear downtrend channel.
- Fundamentally strong company - Promoters are good. - Good dividend and Bonus returns. - Stock is clearly in an uptrend channel.
Bullish Cup and Handle breakout pattern formed Bullish Symmetric triangle pattern formed Buying opportunity for higher profits Hold on tight to the doggy..
Price action breakout soon Symmetric triangle breakout Consolidation for a long time. Higher chance to go higher
- Market sentiments positive - Fundamentally strong company - Good financials - Right time to enter the trade -( 67 - 84 )
- RSI is having an uptrend with bullish momentum - Strong support between 1720&1747
Descending triangle breakout detected with good momentum Watch out for a bull run in the trading week
- Picking up momentum for a major breakout and bull run
Broke out of the symmetric triangle pattern but caught in the resistance due to less momentum. Might break and go for a Bull run if momentum picks up. All technical indicators are positive
Symmetric triangle pattern which can break out in the range of $430 and will continue the bull run. The stock will give excellent returns in long run and the Battery day effects are slowly kicking in. Might fall once before the November elections.
Axis bank is ready for swing trading with an ascending wedge with breakout at 477.
- Strong bullish trendline - Historical resistance at 122
Clear Cup and handle pattern found Momentum indicators are also positive
Chart pattern shows a bullish wedge RSI and Stochastic also shows a bullish momentum
Clear uptrend channel Oscillators indicates oversold Airtel going to be debt-free(positive sentiment)
Oscillators indicate a bullish market and will open gap-up TATA to raise 1000 Crore INR via NCD(positive sentiment) Long term support at 83.10