FULL POSSIBILITY OF BREAKING OUT UPWARD MOVEMENT OF AXIS. ONLY FOR EDUCATIONAL PURPOSE , TRADE AT YOUR OWN RISK. IF YOU ARE IMPRESSED WITH MY IDEAS PLEASE DO LIKE AND SUBSCRIBE. FOR ANY CLARIFICATION COMMENT BELOW. THANKS
Comment
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DO NOT ENTER BEFORE ENTRY LEVEL. KEEP STOP LOSS @430
Why do you say that it will break out upward? Can you give more detail on the technical analysis.
uditsen468
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@apoorvagrawal89, well here the 200MA as well as 50MA is supporting the price from falling, and price is also following the median line and extended lower median line channel of modified pitchfork which is acting as a demand zone for the price. and regarding the breakout the T3 has less possibility, so would like to recommend you to set target till T2.
sourprad
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@uditsen468, Your analysis appreciable, but as per current scenario concern & also RBI governor comment on NPA related issue bank nifty may not support. Still, AXIS HDFC KOTAK banks are mainly focused on retail investment, in that case, Axis is a good time to be considered for fresh buying in the range of 400-440.
uditsen468
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@sourprad, YEAH THATS WHY I HAVE THAT 440 BUY LEVEL. WELL BUT THE WHOLE THING WILL DEPEND ON TOMORROWS OPENING. LETS SEE.
uditsen468
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@sourprad, AND THERE IS A SAYING THAT " ITS NOT THE NEWS, THE THING THAT MATTERS IS THE REACTION TO IT." ..BE+