Axis bank Chart is recently breakout from multiyear resistance. and retestead that level also
Entry: near cmp
Stop loss: if close below 820
Target : as per your risk/reward ratio
⚠️ Important: Always maintain your Risk & Reward Ratio.
⚠️ Purely technical based pick.
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Disclaimer: I am not SEBI Registered Advisor. My...
CNC:
CNC is now retesting a multi-year resistance around $75. The resistance line has started in August 2018.
The trend is up.
Resistances are made to be broken and a stock that breaks through a multi-year resistance level can lead to a significant rally. It's often even better if the resistance level is at the stocks all-time high since there is no overhead...
EPRT has been on a steady rise since the crash of March 2020 and now it's challenging the all time highs from February 2020.
Fundamentally:
* EPRT's expected to deliver a year-over-year increase in earnings
* This may cause the price to go higher and make new all time highs
Technically:
* EPRT's approaching it's all time highs and is expected to break above...
JBL, an electronic components company, is approaching resistance that dates back to more than a decade!
This is huge! When multi year resistances break you can be sure that the stock is going to shoot to the moon.
Looking at the price action on the weekly or even daily, it seems like this may approach or even break above $59.88 in the coming week.
Trade...
ACC is currently challenging 2019 highs. July 20th 2021 printed a bullish engulfing candle and now volume is kicking in.
Notes:
* Earnings per share is expected to increase over the coming year.
* Making new 52 week highs
* Increasing volume coming in near resistance.
Trade idea:
* Look for a weekly close above $50.94 before entering
* A rejection from $50.94...
UDR is extremely close to breaking its all-time-highs from February 2020. Not only that but it's been on an absolute tear for the past 7 months. That's 7 consecutive months it has been closing green.
Taking a look at the volume coming in, it seems like it will break in the coming week.
Not only is this setting up for a great trade, it's also a great long term...
