LockNSE AXISBANK – Bullish Breakout
NSE AXISBANK has broken through a significant resistance level at 896.95 and is currently trading above the 50, 100, and 200-day exponential moving averages. The Average True Range (ATR) indicator is at 16.48, indicating moderate volatility, while the rising Relative Strength Index (RSI) supports the current upward trend.
If the stock price manages to stay above the level of 903, traders may consider buying in anticipation of reaching the following targets: 912 – 925 – 934.
NSE M&M – Impulse Structure
NSE M&M is displaying strong bullish momentum on the daily timeframe chart, with the stock price currently trading above the 50, 100, and 200-day exponential moving averages. Additionally, the Relative Strength Index (RSI) is at 80, indicating a strong bullish trend.
Traders may consider buying if the stock price manages to stay above the key level of 1265, with potential targets at 1276 – 1289 – 1313.
NSE TATASTEEL – Bearish Setup
NSE TATASEEL is currently experiencing a bearish trend, having broken down through its 200-day exponential moving average. The Relative Strength Index (RSI) has fallen from 65 to 45.18, indicating a decline in bullish momentum. The Average True Range (ATR) is rising, suggesting increased seller interest.
If the stock price remains below the key level of 107.5, traders may consider selling in anticipation of reaching targets at 106.5 – 105.4 – 104.6+.
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