Timeframe: 4h
NSE ASIAN PAINTS – A Commitment Form the Market
NSE AXISBANK – Bullish Formation
NSE AXISBANK has recently broken out from the lower high at 1096 and is showing signs of upward momentum. It appears that the price has completed wave C and initiated a new cycle. The Wammie pattern is evident on the daily timeframe chart. The Average True Range (ATR) of the price has increased to 29.
Traders may find a favorable risk-reward opportunity after a pullback to enter into the uptrend. If the price sustains above 1079, traders can consider trading for the following targets: 1092 – 1112 – 1138+. Free subscribers can take previous day’s low as invalidation level.
NSE SUNPHARMA – Trade Setup
TECHM – Bearish Setup
NSE TECHM has recently broken down from the lower high at 1300. Additionally, the price has breached both the 10-day and 35-day moving averages (MA), but found support at the 50-day MA.
The level 1300 has historically served as a pivot point. If the price manages to sustain below 1300, traders may consider selling for the following targets: 1287 – 1270 – 1258+. For free subscribers, the previous day’s high can serve as the invalidation level.
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Impressive analysis! Your insights are clearly backed by a deep understanding of market trends and patterns. Well done
Outstanding analysis! Your observations are undoubtedly supported by a thorough comprehension of market trends and patterns. Excellent work