shiv2798

AXIS BANK ON RANGE

NSE:AXISBANK   AXIS BANK
89 6 4
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
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
Reply
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.
Reply
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
Reply
Waiting for the price break towards upside.
Reply
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
Reply
vanathi TOP shiv2798
@shiv2798, Price is trending between support and resistance...
Reply
EN English (IN)
EN English
EN English (UK)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out