AXIS BANK

Axis bank consolidated in a triangle for more than 

three and half years .

The stock tried breakout ,This a close above 641 would confirm 

break from triangle.laggard private banks are flavour of season.

icici bank is running so did axisbank need to see if this can close above 

641.The move can be huge above that ,No fundamental reason as such 

for such move yet ,Lets see if the stock can perform.Keep an eye.

Long term charts METALS

Have made few long term charts.

TATA STEEL.

The stock consolidated for 4+ years 

in triangle and broke out and now retracing from highs.

VEDL

VEDL did 5 up on monthly chart and then did abc correction .

The stock rose back above b wave trendline and retracing.

PRAKASH IND

This stock also did a triangular consolidation broke out and now retracing.

MARUTI wave analysis

Maruti did a small degree 5up recently.

Lets look at the chart.

From the chart we can see a nice 5 up followed by a correction the correction

is reaching near support levels. This most likely can bounce in any gapdown

Good support at 8960-80.Lets see how stock plays out in coming days.

COALINDIA wave analysis

coalindia a good channeled move is on.

A abc correction followed by X happened.

 

The stock looks to be heading towards 250 in c of Y .This count invalidates if trades above 289.

Lets see how the stock trades in coming days.