AXISBANK
POSSIBILITY OF SHORTING AXIS BANKAxis Bank may give an opportunity to short. The set up is as follows
-From the current position, if the price moves down and goes below 721, then the price may decrease further and any shorting done may be rewarding.
- From the current position, if the price moves up and touch the price of 736, Wait for the next candle. If the price decreases from there, after touching the red color - crucial resistance line in the chart shared, then the price may decrease further and any shorting done may be rewarding.
- T1:714, T2:701, T3:685. Stop loss:739
This is only a view and not an advice to trade. Kindly trade as per you analysis, risk assessment and capital.
axis bank and hcl techaxis bank is consolidating if it brakes again 738 and sustain above 740 then 10% upside is possible around resistance is 799-804
also hcl tech is preparing to a breakout if it sustain 977 the very good upside is possible in a day with short term tgt of 1100
disclaimer i have taken options position in both the stocks in long side
Axis could it be down ?NSE: AXISBANK
If Breaks Then The Targets could be Taken at 458
Time Frame :- 1 Day
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Based on Your Own Risk this is only to Show you the Current Pattern
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Made By MAYANKTECHRESEARCHING
Trend Analysis - EMA 100 key level Axis Bank is trading at PE of 14, below 10 year Historical PE levels of 18.
Strong Revenue and Profit growth with consistent loan book growth.
With increasing share of Private banks, and slow calibrated shift from Unorganised to Organised,
Axis Ban may be poised for some upside here. Keep a close watch.
Not an Investment Advice. Only for research purpose.