AXISBANK on the reversal

 Hi friends, look at AXISBANK chart, I think it is going to be reverse. I would like to take a long position. 1001-1005 will be the best level, Target will be 1114. Have a happy holding.

NIFTY next destination 5950??

Reverse Head and Shoulder Pattern

Hi friends, hope you remember I posted Nifty view with the help of MACD oscillator on 11/09/2012 that, this time5433 won't able to stopped it, though ECB and FED helped NIFTY like a positive catalyst  to crossed the level. And now as per my view 5613-5740 is another SZ as per weekly chart, but I think this time even 5740 cant stopped NIFTY as it is going to be third test of the zone (See the picture). Weekly MACD looking steady and strong, HH-HL formation in Daily chart till holding, Nifty going to be boom as per my view the next destination is 5950. Please dont Shocked ....It is forming a Reverse Head and Shoulder pattern, I have taken it from 31 Dec 2010 , top of 6181, but if we try to more purify the same pattern and assume the left shoulder is started from 8 Apr 2011's top 5944 yet the pattern must complete above 5944... thats why I suppose Nifty wont stop bellow 5950...Be cautious of your short position.

NIFTY: Looking in a strong bullish territory.

Hi friends, after yesterday's choppy season, Nifty again started bating conservatively, and looking it is well settled now and will make long run!! And I think a newer high is going to be made, 5433 can't stopped it. So friends, be cautious if you have shored Nifty. I am now prepare for a bull run. Are you ? 

VOLTAS looking good for long

Hi friends; look at VOLTAS, it is really looking good, MACD crossover again happen second time in bullish territory, and as history if it happen, then a long bull run was seen mostly, also till it is continuing HH-HL formation. I would like to buy and hold it. Thanks to Mr Amit Daveji who find out the stock.