shiv2798

AXIS BANK ON RANGE

NSE:AXISBANK   AXIS BANK
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Axis bank is on range bond form 27 Feb and still hitting the same resistance where the original gad down occurred in past price movement , its difficult to say now but if brakes below 505 Can reach 487 and downward journey will start but if brakes above 528 close above 528 Can make new higher high
Have to wait and watch in coming week
Cheers
Mar 20
Trade active: Broke the support line now you can see down trend up to 487 and if did not rebound the may lead to further downward
Yes i agree testing patience
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Hi Shiv,

Thanks for the analysis...pls also update about Idea..last time your view with Neetesh's analysis of catching 102-103 levels worked well. Do you think it again will see a downward journey before it bounces for voda-idea merger.
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shiv2798 samayra
@samayra, Sir Technical Readings are Purely on Past Price movement , but News and Fundamental Strength and weakness can change the direction of any stock , In fact i would consider not to have position during news , because of Amateur behaviors of Short term traders , So its hard to predict on Merger and other Incidents going on in specific company or Industries
Thanks
Shivakumar
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Waiting for the price break towards upside.
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shiv2798 vanathi
@vanathi, Lets see , because when BNF made Higher high it did not move much, so when BNF starts failing it may Move on Higher High , Lets watch and see if brakes above resistance
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vanathi shiv2798
@shiv2798, Price is trending between support and resistance...
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