Axis Bank Ltd –

Axis Bank Ltd hourly chart, this stock we covered in the last post also. The stock was in the strong uptrend but from last three sessions, the stock is trading in the sideways. The stock has strong resistance of 750 but it was unable to break the resistance level three times. The stock has formed Inside Bar Pattern at closing, the breakout will decide next move for the stock. I am bullish only above 750 level & need to hold this level.

Indiabulls Housing Finance Ltd –

Indiabulls Housing Finance Ltd, the stock is trading in the sideways from last few sessions. The stock has strong support near 698-700 and currently, the stock is trading near a support level. The stock is rejecting higher levels by forming long tail candlesticks. It has formed the Inside Bar Pattern at closing. Breakout will decide the next move in the stock.

IndusInd Bank Ltd –

IndusInd Bank Ltd hourly chart, the stock is in the very strong bullish trend, it has rallied from 1500 to 1700 in only three trading sessions. The stock has a resistance near 1700 which is also a round number. In the last session, the stock was reversed from the 1700 level. It has also formed the Inside Bar pattern at closing. Breakout will decide next move.

Larsen & Toubro Ltd –

Larsen & Toubro Ltd hourly chart, the stock is in the strong uptrend. But in the last two sessions, not much of action has happened in the stock. The stock has formed Triangle formation at the top breakout on either side will give a sharp move. The stock has also formed Inside Bar Pattern at closing. Breakout will decide next move. 

Raymond Ltd –

Raymond Ltd hourly chart, the stock is trading in the down channel from the last few session. Currently, the stock is facing resistance at upper trendline of the channel. Breakout will take stock to levels of 830-838 levels which is supply zone. There is a chance of reversal from the supply zone to retest the breakout. If failed to give breakout the stock will test lower trendline of the channel. I am bullish above 840 levels.

Vedanta Ltd –

Vedanta Ltd hourly chart, we have covered this stock on 13 March post. The stock is trading in the range of 181 – 171. Now it is facing resistance near 175 levels and it has support near 171. The stock has formed Inside Bar Pattern at closing breakout will decide next move.

Disclaimer –

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.


1 Comment

Ramesh · March 15, 2019 at 11:38 am

Good

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