Axis Bank has been trading between 480 and 520/530 level. Pretty solid consolidation. Hence we could execute a simple strategy of shorting @ 520/530 level with stop above 535 and go long once we see the price around 480 with 475 as stop. Options writing also looks good to me.
Big move can be expected once the consolidation is broken out as the script could attract new interest (also stop triggering) after getting out of the range which has been holding since February of this year.


As of now Axis Bank looks like a good shorting candidate with stop above 535.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out