Bajaj Finance has given head n shoulder break out on daily charts with rising volume almost after 6-8 months of consolidation.
One can buy on dips around 2010-2025 with stop loss of 1900 (closing basis) for Target of 2150-2200 in coming 4-6 weeks.
USDCAD is trading at 1.32173 which is very near to lower end trading channel of last one year. You can see same channel in above chart.
One can initiate long position at current levels with stop loss of 1.3185 for Target of 1.3275 and 1.3310 in 4-5 trading sessions.
Although below 1.3185 levels it may see further slide upto 1.3100 levels.
AUDUSD is trading above all short term moving averages on 4 hourly charts. RSI and ADX are also showing upwards direction.
One can go long around 0.7570 levels with stop loss of 0.75350 for Target of 0.7625
Chart of Axis Bank is suggesting weakness in stock price in coming days. Stock has closed below all short and long term moving averages. Additionally RSI and ADX has given negative divergence on both daily as well as weekly charts.
One can initiate short position on stock between 483-487 levels with stop loss of 521 (last up swing move) for target of 450 in...
Ajanta Pharma has given trendline breakout with rising volume on daily charts. Also it has major support around 1650 on daily charts. ADX and RSI have turned positive on daily and weekly charts.
One can initiate long position on around 1780-1810 with Stop loss of 1650 (closing basis) for Target of 1950-2100 in next 10-12 weeks.
Tech Mahindra has given trendline breakout on weekly charts with rising volumes. ADX has turn positive on weekly charts. Stock has closed above all short term moving averages on weekly as well as daily charts.
One can initiate long position around 495-505 levels with stop loss below 449 on closing basis for target of 564-582 in next 8-10 weeks.