Technicals on HUL and Axis Bank
AXIS BANK
Axis Bank is facing trendline resistance at 1461 from past many trading sessions as shown in chart below.Axis is trading in range of 1150 to 1460 and need some booster to break on the higher end of the range.
Results were a good Booster and Stock should close above 1461 and give a spurt in both price and volume action.
Positive Divergence is observed in RSI ,Stochastic in BUy mode.
Buy above 1461 Tgt 1476,1500 and 1535
Hindustan Unilever
HUL has crossed above its 200 DMA with volume marking its entry in BULL region,next …
Read the full story »
Axis Bank is facing trendline resistance at 1461 from past many trading sessions as shown in chart below.Axis is trading in range of 1150 to 1460 and need some booster to break on the higher end of the range.
Results were a good Booster and Stock should close above 1461 and give a spurt in both price and volume action.
Positive Divergence is observed in RSI ,Stochastic in BUy mode.
Buy above 1461 Tgt 1476,1500 and 1535
Hindustan Unilever
HUL has crossed above its 200 DMA with volume marking its entry in BULL region,next …
Read the full story »
posted by Bramesh at
7:51 AM
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