Maruti is forming descending triangle formation with support at 911.Break of 911 will lead to further weakness in Maruti .Close below 910 will lead the gap filling of May 09.
Gap is present from 848-910,Close below 910 expect the stock to move till 848 within this week.
Sell below 910 Tgt 900,894,877 and 848
If 910 Holds some how
Buy above 923 Tgt 935,951
Axis Bank has been on waterfall decline 1600 to low of 803 which is almost 50% decline.Stock is near its strong support level 796-800. Holding the same some relief rally can occur,failing to do the same axis bank will fall till 700 odd levels.
Buy above 812 TGt 822,837 and 846
Sell below 802 Tgt 796,788 and 780
TCS India’s Most valuable company is looking week on chart as its unable to cross above the cluster of resistance between 1185-1190. Broke the trendline support marked in PINK line. On Friday closed below the 20 SMA also.
Sell below 1156 Tgt 1140 and 1124