QUICK POSITION FOR INTRADAY KEEP EYE
KEEP EYE INDIABULL IMPORTANT SUPPORT
Here we have an interesting setup for Axis bank which tell us that if Axis Bank holds VABAFIB 78.6 levels then it is going to make a new ATH soon. Use 50 MA as stoploss Dont forget to join our free telegram channel. www.t.me for regular updates on various setups.
AXIS BANK (Axis Bank Ltd) SELL BELOW 703
with stoploss of 760 can go long when it comes near 763 767 range.
AXIS BANK on 13 Sep to push higher in early trade rising to 672 .....breaking below 660.55 may take Axis bank towards 646-610.80....Rispect Risk....
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Strong resistance zone. Resisted at 50EMA. Although 20SEP news may be good for banking sector but does AXIS has chance to move up.. SL 700
Firstly, look at my previous post on Axis bank. Now, indicators are at the extremes. Looks like Nifty will fall, so Axis Bank has to. Plus Axis is in a channel as shown.
Firstly, Axis Bank seems to be following a trend. It has closed at the bottom of the channel. Now look at the stochastic indicator, again at the bottom along with RSI. A possibility of upmove can be seen.