AXISBANK coming off a level of 70 on RSI
AXISBANK is in an overbought zone and a sell on RSI was confirmed as it broke the level of 70 from the upside. Potential targets of 691 on the cards.
Note
Made a low of 705.3 today on NSE. Some more room on the downside still left.Note
As it was imminent on 10th Feb, Axis made a low of 695.05.Trade closed: target reached
Target of 691 reached. Closing the trade.
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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.