Axisbank at its support zone @379.50
if it go below 379.50
can sell (range - 379-377)
Target 1st - 371
SL - 389.55
AND if it go above 381.90
tg. 1st - 384
2nd - 388-90
SL - 376
Wedge patterns are usually characterized by converging trend lines over 10 to 50 trading periods.
The patterns may be considered rising or falling wedges.
The patterns have an unusually good track record for forecasting price reversals.
BTST TRADE IN AXIS BANK
:-200-DMA TAKEN OUT
:-RISE IN OI+RISE IN PRICE
:-RESISTANCE OF 730 TAKEN OUT
TRADE IN FUTURES 28TH NOV CONTRACT
LEVELS ARE ACCORDING TO SPOT PLEASE ADJUST FOR FUTURE PRICES
ALTHOUGH REAL OI DATA WILL BE AVAILABLE ONLY AFTER 6/7 PM
!!PLEASE NOTE TRADE WITH...
Axis Bank bounced off from rising channel support at 760. That price also seem to be a horizontal support area. If the stock holds on to the channel we can expect a considerable move upwards. Notable resistance is at 820 area where life time high falls as well.
(Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general...
Your must be at down single candle spike. For an instant, suppose candle slip to direct 808, then enter with stoploss little far.
Target is control price 818 above.
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