Hero Motoco
Hero Motoco has reached an important resistance level in daily chart. As long as it is below this trend line further uptrend cannot be expected. Medium term down trend will start if it closes below Rs.1575.
Axis Bank
Daily chart of Axis Bank indicates a double top pattern. RSI is in over bought level. Traders can short Axis Bank if it closes below Rs.1455.
Nifty medium term trend
| Trend | UP |
| Initiation Date | 18-04-13 |
| Initiated at | 5783 |
| High since change | 5924 |
| Reversal if closes above | 5680 |
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