This analysis is for my study purpose (I am not SEBI registered). No recommendation to buy or sell by any chance. Decision to invest is totally yours. Even I don't invest on my ideas, so be careful :)
1. Axis Bank
Axis bank has time and again tried to break up the trendline and failed. This time it has touched the trend line again. Will it break it?
I feel this time it is different. It should break the trend line. If it does so on closing basis, hence have taken a small position today around 619. Stoploss 605. Target of the entire pattern is about 800+, but i would be happy with 50 to 100 points above the trendline.
2. Gruh Finance
Nice triangle pattern forming on Gruh. Should give good returns if closes above the triangle (above 340). SL 329. Target 400.
1. Axis Bank
Axis bank has time and again tried to break up the trendline and failed. This time it has touched the trend line again. Will it break it?
I feel this time it is different. It should break the trend line. If it does so on closing basis, hence have taken a small position today around 619. Stoploss 605. Target of the entire pattern is about 800+, but i would be happy with 50 to 100 points above the trendline.
2. Gruh Finance
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