Axis Bank Long Setup

Feb 25, 2022

Axis reversed from the S1(729.40) level and closed above the Bullish Reversal zone indicating upcoming momentum towards upside in stock till Bearish Reversal(802) & R1(816) price marks. There are multiple support levels for the price, 1st at Bullish Reversal (744), 2nd at S1 (729.40) and last support stands at 714.50 which is also a Bearish breakout zone if stock crosses below this mark then we can see more bearish momentum in upcoming days. We can plan our trade based on these levels, till now we are long on the stock with stoploss below 729.