AXIS BANK POSITIONAL VIEW - LONG SIDE - HOLDSREASONS
>>>. trianlge breakout
>>>: flag formation breakout
>>>: retesting breakout support line @ 612 level
THIS SERIES BUY FOR SWING TRADERS POSSIBLE @ CURRENT LEVEL
OR AT A DIP TOWARDS SUPPORT LINES
WITH 650-660-AS TARGET ZONE ON RADAR
disclaimer - trade @ own risk
AXISBANK
AXISBANK LONGDEAR TRADERZ,
After a 2 weeks consolidation Axis bank is set to break out, and we are going to see a rally towards 649 & 669 position and swing with a stop @600. This is absolutely swing and positional it can be achieved by next week or it takes time till this expiry. But overall its Bullish. Always trade with proper hedge, to minimize your loss suppose your stop loss hits. stopl loss also positional basis on daily close.
AXIS BANK LOOK OUT FOR THESE LEVELS!!! ALL THE LEVELS AND PATTERNS ARE MARKED ON CHART, RED ZONES DENOTES SUPPLY ZONES AND GREEN IS FOR DEMAND ZONE .
620-622 CAN ACT AS GOOD RESISTANCE; SELL IF THE STOCK IS NOT ABLE TO BRREAK THE LEVEL WITH VOLUME
The indicator used:
1) Daily Lines plots Daily 20 (BLACK) & 50 EMA (GREY) on lower time frame charts
2) TE-REKAB
- PB : PULLBACK
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The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING