AXIS Bank Ltd –
Axis Bank hourly chart, the stock is in the strong uptrend. In the last session, the stock opened gap up. But it was unable to move higher and faced strong pivot resistance. After rejecting higher price stock has small price movement. I am bullish only above 750.
Graphite India Ltd –
Graphite India Ltd daily chart, the stock is in the strong downtrend. The stock has corrected more than 50% from its all-time high. Now it looks like a small base formation at the 400-420 levels. Expecting some upside move in the coming trading sessions.
State Bank of India Ltd –
State Bank of India hourly chart, the stock is trading in the uptrend. In the last session, the stock opened gap up but it was unable to make a new high. The stock closed below its opening in the last session. The stock has formed Inside Bar Pattern at the closing. Breakout will decide the next move in the stock.
Vedanta Ltd –
Vedanta Ltd hourly chart, the stock in the strong uptrend rallied from 164 to 180 in last 11 trading session. The stock in facing strong resistance near 180 levels, failed to close above 180 in last session also. It has formed Inside Bar Pattern at closing. The stock has strong support near 171. Breakout will decide next move in the stock.
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.