Sarthak_Singh

Range Breakout

Short
Sarthak_Singh Updated   
NSE:AXISBANK   AXIS BANK
The overall bearish trend in the markets (Covid-19) increases the probability of a breakdown from this point.

If the stock crosses the support zone/1, then we can see the levels of 630-650 or 2/3.

If not (which is less likely), then the stock will be in a short term uptrend towards the resistance area.
Trade active:
1st Target - 656 (+/-5 Points)
2nd Target - 630 (+/-5 Points)
Trade closed: target reached:
1st Target Reached.
Trade closed: target reached:
All Targets Achieved!

A good 9%+ move

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.