anuragcoma15
Short

AXIS - Big Movement Coming

NSE:AXISBANK   AXIS BANK
AXIS is at a very critical point. Axis is standing at a very strong resistance point in daily as well as weekly charts. Its high on RSI and has shown the price reversal on Friday honouring the resistance point. Check out the charts and get ready to mint some money

SELL Trade Setup :
Sell AXIS if opens below 613 or goes below 610.
SL - 626
TGT - 570, 545, 510

Buy setup:
Buy at : 627
SL - 620, 615
TGT - 690-700

If buy setup triggers then 18-24 months target - will be 900+
Comment: Weekly Chart -
Comment: If Axis gets a good opening on Monday then it can see 618-620 level before going for reversal
Trade active: As mentioned Axis short up before going for a decline.
It was my bad not to update the SL.
I'll keep the trade active though
Comment: My bad. It never hit SL. Just followed my expectations

Comments

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