Signals: 1) Price Rejection at highs 2) Continuous Retest of support near 747 3) Possibility of break of weekly pivot
long axis bank ,target is 825: broken the channel, target is depth of channel plus
Nifty made an All Time High (ATH) of 11810 on April 16, 2018, however Bank Nifty is catching up, it first has to touch its previous high of 30646 levels and then surpass that level to make a ATH. According to me the ATH in Bank Nifty would soon be conquered at 31070-31100 levels. Its a matter of when and not how. Well the set up seems to be quite robust,...
All levels Mentioned in the chart. P.S. These are my views, doesn't mean anyone should take random trades basis this. Please do your own analysis or consult a reliable adviser.
EMA Support Setup hold long with Stop below 763. Target 783 Today/ Tomorrow
Time to make like multi bagger stock. This is great shorting oppurtunity for axis bank compared to other. Guarantee 75 points from the current level. So make your own research and trade smart. If you like this post like and share. Looking forward your comments.
no rocket science. it seems weak, and there is a night after day
One may sell Axis bank on rise with SL of 751 and targets of 735.7 and 731.
AXIS Bank has formed a bullish wedge on high level . Confluences of a double top and wedge both . So short selling expected . It has also formed an inside bar on the hourly. Can go short below the low of the last candle for a good R:R trade .