BANK NIFTY has UPPER BREAKOUT placed at 28270 followed by some profit booking at 28360 followed by INTERIM RESISTANCE placed at 28570 followed by FINAL RESISTANCE ZONE around 28700, On the Lower Band, LOWER BREAKOUT is placed at 28060, followed by some profit booking at 28880 followed by INTERIM SUPPORT placed at 28680, followed by FINAL SUPPORT around 27530,...
BankNIFTY Today shot up and closed around 28110, NIFTY BANK has upper BREAKOUT level at 28230 followed by INTERIM RESISTANCE at 28400, followed by the FINAL RESISTANCE at 28550, BANKNIFTY on the lower level has BREAKOUT at 28054 followed by the INTERIM SUPPORT at 27883 followed by the FINAL SUPPORT at 27600,Please trade cautiously and consult your financial...
Axis Bank had been on a good bull run tracing a rising channel. Strength in bulls looks to have lost steam where it couldn't make new highs.
Right now, looking at the chart we could identify a Double top pattern with neck level at 760. Yesterday's close below the neck level has confirmed the pattern and it would be right to take bear bias. However do look for a...
AXIS BANK: After the trendline breakout in July the stock has given a good downward movement & has clearly taken a support around 61.80% Fibo Retracement. I expect this pullback to continue this week & the stock will try to fill the gap. Thus, a pullback upto 700 – 708 range can be expected. But in my view this might be a Dead Cat Bounce (DCB) & soon we might see...
Bank Nifty has also given a huge drop and it may consolidate in the morning sessions, NIFTY BANK UPPER BREAKOUT is placed at 27866 followed by INTERIM RESISTANCE at 28070 followed by FINAL RESISTANCE at 28280, EXTREME RESISTANCE ZONE is placed at 2855028590, On the lower band LOWER BREAKOUT is placed at 28656 followed by INTERIM SUPPORT placed at 27530 followed...
NIFTY BANK worked as per our levels given on Friday as is expected to do similar movement on Tuesday and Wednesday, Upper Resistances for BANK NIFTY are INTERIM RESISTANCE 28790-28815 followed by FINAL RESISTANCE placed at 28980, On the lower band NIFTY BANK, INTERIM SUPPORT is placed at 28050 followed by FINAL SUPPORT placed at 27880. Nifty Bank can give good...
NIFTYBANK today failed to hold the level of 28000 and is expected to continue the downtrend for now, NIFTYBANK current support is still in action and is placed at 27620(Today almost touched the SUPPORT with low of 27641), after breaking which it could touch the levels 27400. Tomorrow is NIFTYBANK expiry and a good movement can be possibly seen. Please trade with...
NIFTYBANK HAS TESTED SUPPORT ON MONTHLY TREND LINE, Currently Interim support is based at 27620 breaking of which could lead to further downfall in BANK NIFTY upto the levels of 26605, not in one trading sessions but in some days,on the upper side a very STRONG resistance is placed at 28500. If you want to learn Techincal Analysis or want stock and index options...
axis bank go for it .
seller are dryed out , so go for long.
Disclaimer: All posts/views are for educational purpose only..!!
Kindly contact financial advisor before taking position/decision.
Axis bank completed Bullish Bat pattern and it's nr about 200 EMA Risk and reward is favorable go long with stop loss below 706 closing basis for good return. Check at your end then tred.
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