Technicals on HUL and Axis Bank

By | April 25, 2011

AXIS BANK

Axis Bank is facing trendline resistance at 1461 from past many trading sessions as shown in chart below.Axis is trading in range of 1150 to 1460 and need some booster to break on the higher end of the  range.

 

Results were a good Booster and Stock should close above 1461 and give a spurt in both price and volume action.

Positive Divergence is observed in RSI ,Stochastic in BUy mode.

Buy above 1461 Tgt 1476,1500 and 1535

 

 

Hindustan Unilever

 

HUL has crossed above its 200 DMA with volume marking its entry in BULL region,next level of resistance is at 290.Cross over of 290 with volume can move the stock to next level

Buy above 290 Tgt 292 and 296

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