Adani Enterprises Limited –
The Stock gave good rally from 175 -76 to 204 level, but right now the stock is in consolidation mode. The CPR (Central Pivot Range – PIVOT, BC, TC) is getting narrow indicates price action is getting compressed. Good stock to keep in watch-list. It can give good move in short period on either side.
AXIS Bank Ltd –
One of the strong constituent in Banknifty index. The stock is trading in sideways trend from last few days, it has formed tight range. In the last session the stock tried to give breakout but failed to maintain higher levels. Breakout in consolidation can give explosive move.
After the big gap-up on 30 Oct, the stock never break the high of 30 Sep. It is trading in the tight range, breakout below the level the stock will try to fill the gap created on the 30 Oct. The CPR is getting narrow suggest compressed price action.
Grasim Ind –
After having big rally from 680-690 levels to 800 in last few session the stock is trading in narrow range. It has formed triangle pattern at the top, breakout on either side will give fast move. Good stock to add in watchlist because this stock gives big moves on breakout.
The information is for educational purposes only and does not constitute an offer to sell nor a solicitation of an offer to buy any security which may be referenced by me. The information provided through my charts is for personal, non-commercial, educational use and display.