Canara Bank : Breaking out of consolidation zone of 275-265
After making doubleTop pattern , stock is making lower high ,which in turn indicating structural weakness in stock . REC may slide further down below 111.
Break down on hourly chart . 2.68- 2.70 may act as resistance .
GOLD broke important level of 1204$ . No sign of Bullish reversal as long as GOLD trade below 1238 $ .
Bearish Engulfing Candle ,meaningfull reversal below 27100
Nifty Made my favourite bearish candle , which opened below previous close and made lower high and lower low . Nifty may face morw weakness below this bearish candle low of 11419.
Nifty Made my favourite Bullish Candle Pattern. Bullish Candle Pattern = 2 Candle Pattern 1 st Candle Bearish Red Candle 2 nd Bullish Candle which has higher low compared to 1st Bearish Candle and Higher high and Higher Close compared to 1st Bearish Candle.
Axis Bank : Weekly bullish Aroon break out
Downward Slopping Channel Breakout on Monthly Chart
SRF at resistance zone of 1774 -1764
Nice upside break out after consolidation.
Weekly Bearish Reversal Shooting Star candle formed at resistance area.
Support zone 66.90-67.05 $ . Bullish momentum may pick up above 67.90$
Falling Wedge and 50SMA Break out
Yes Bank may pick up bullish momentum above 375.
After Long Time India Cement closed above 50SMA Band. ( 50SMA Close , High & Low )
Bank Nifty in Up Trend 27250 may provide pull back opportunity