Intraday calls

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Latest Call !!!!!!!!!!!
AXIS BANK is a buy with a target of Rs 1360: Mitesh Thacker :clap: :thumb:

Happy Trading.... :)
AXIS BANK - Strong ascending triangle candlestick chart pattern formation and good accumulation in-progress.. HOLD for good gains.. in the coming sessions.

Positional Friday targets can go for 1345-1360 levels... keep sl 1280 ...


Spotting & Trading Ascending triangle: :thumb:
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Ascending triangle is highly reliable pattern when it forms during a uptrend and the direction of breakout is in direction of its original trend, therefore it is a continuation pattern. The upper and lower trend-lines should be formed with at least two points each.

On further analysis of this pattern, it can be seen as an additional confirmation of a trend-line breakout at resistance. Ascending lower line indicates that bears are fast loosing the battle and there is a strong bias towards upward move. Previous uptrend prior to formation of this pattern, tells general sentiments about the equity and tells a small roadblock in uptrend.

While reliability of this pattern is high, occasional false breakout is also observed at times. Therefore, strict stop loss is advised.
 
AXIS BANK - Strong ascending triangle candlestick chart pattern formation and good accumulation in-progress.. HOLD for good gains.. in the coming sessions.

Positional Friday targets can go for 1345-1360 levels... keep sl 1280 ...


Spotting & Trading Ascending triangle: :thumb:
--------------------------------------

Ascending triangle is highly reliable pattern when it forms during a uptrend and the direction of breakout is in direction of its original trend, therefore it is a continuation pattern. The upper and lower trend-lines should be formed with at least two points each.

On further analysis of this pattern, it can be seen as an additional confirmation of a trend-line breakout at resistance. Ascending lower line indicates that bears are fast loosing the battle and there is a strong bias towards upward move. Previous uptrend prior to formation of this pattern, tells general sentiments about the equity and tells a small roadblock in uptrend.

While reliability of this pattern is high, occasional false breakout is also observed at times. Therefore, strict stop loss is advised.
AXIS BANK hits 1320 !!!!!!!!!!!!!!!!!!!!!! :clap: :thumb: :clapping:
More buyers with good volumes....

next intraday targets 1331.58 - 1340.71 - 1349.88 Raise Stoploss : 1304.06
 
AXIS BANK hits 1320 !!!!!!!!!!!!!!!!!!!!!! :clap: :thumb: :clapping:
More buyers with good volumes....

next intraday targets 1331.58 - 1340.71 - 1349.88 Raise Stoploss : 1304.06
SL hit... Market under selling pressure... Axis Bank trading around 1284 levels... still there is strong support... for targets of 1319-1331-1340 !!!!
 
Nifty index is expected to open lower to day as muted trend is observed in Asian markets.

Contract Month Open High Low Close Last Traded Change Open Interest Yesterday
E Jan 14 6,188.50 6,216.50 6,188.50 0.00 6,195.00 -63.50 322,014 6,258.50


At 08.25 a.m., SGX Nifty India were trading 63.50 points lower at 6195.00, indicating a gap-down opening on the domestic market.

On the macro economic front, India's manufacturing activity slowed down as per the HSBC India Manufacturing Purchasing Managers Index (PMI) — a measure of factory production — fell to 50.7 in December from 51.3 in November. This pulled down key stock indices and along with weak European cues put brakes on the buying spree in the stock market.

Markets, which were trading firm till about 1:30 pm on yesterday, dropped suddenly amid speculation that basket-selling by a few foreign institutional investors (FIIs) triggered the decline.
 
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