IDFCFIRST BANK BUY ABOVE 58 SL 55 TARGET 61-64-69, CAN ALSO BUY APRIL 60CE/62CE
SL 690 CMP 695 TGT 730
Weekly demand zone between 586-605 Entry : 590-605 Target : 800
Buy axis bank at the bottom of the pattern for small sl and big target. There is very less chance that this stock will fall below the pattern support. Banks are looking strong after this correction and as infra projects will be starting so more lendering is expected. Therefore no sign of bearness in this stock. Target 824 Sl 700
Sell at 694-696 sl 706 target 673-668 Disc : it's not an investment advice to buy or sell
Sell below 703 sl 710 target 692- 687 Disc : it's not an investment advice to buy or sell
Axis bank swing trade levels on 24-03-2021
Stock bounced from support zone on Friday. Buy above 730 for long tomorrow. However if it breaks support zone then good to short for both Intra and Swing till 695/690 (Intraday) and 660 (Swing)
Axis Bank (NSE Cash) Daily Charts (Medium to Long Term) The candles have broken the trendline on 16th March 21. RSI too broke the 50 level but I wouldn't panic as yet because the RSI is showing a reversal. This means that Axis Bank may have corrected itself but it isn't weak on daily charts. There has been a lot of selling as well so we might see a bounce back...
Axis Bank - CMP 736 Stop below 728 Target 750 & 758 Cup and Handle pattern made in RSI
Stock bounced form its support none today and can touch targets of 760, 770 if sustains uptrend however if breaks support zone then will fall sharply. Safe to short below 712 only
All important Levels mentioned on chart. Looks good for shorting below 40 levels.
AXIS BANK BREAK DOWN IS HIGHLY POSSIBLE IF IT CROSSES 720 ON DOWN SIDE. TRIANGLE PATTERN SUGGEST DOWN SIDE IS POSSIBLE.
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axis bank chart analysis for intraday and swing trading