Axis Bank daily chart
Axis Bank had spent significant amount of time between Rs.1445-1515. Breakout above Rs.1515 was not sustained (this is how loss happens and analyst will be blamed ) and now it has reached support zone. Traders need not to regret that they didn't encash the fall. Because short can be considered once it closes below support zone.
Hero Motoco daily chart
Hero Motoco had breached trend line resistance. But now it is consolidating in a tight range. Trend line which was acting as resistance is now acting as support. If it closes below this trend line further fall can be expected.
Disclaimer : Charts presented here are not for
recommendation or to advice . They are for educational purpose. More details
such as stop loss , target are shared with subscribers.
Nifty medium term trend
| Trend | DOWN |
| Initiation Date | 23-05-13 |
| Initiated at | 5967 |
| Low since change | 5967 |
Thought for the day
Whenever you feel like criticizing any one…
just remember that all the people in this world
haven’t had the advantages that you’ve had
