AXIS BANK BEARISH CHANNEL BROKEN
-FIRST SIGN "INSIDE BAR BREAKOUT"
-CONFIRMATION WILL COME ONLY AFTER A CLOSE ABOVE 402
-ONCE ACHIEVED OPENS TARGET TOWARDS 435-470
-STOP WOULD BE AROUND 380 ONLY AFTER A BREAK ABOVE 402
-"BUY ON BREAKOUT" RECOMMENDATION
Axisbank at its support zone @379.50
if it go below 379.50
can sell (range - 379-377)
Target 1st - 371
SL - 389.55
AND if it go above 381.90
tg. 1st - 384
2nd - 388-90
SL - 376
Key Levels for AXIS BANK :
Please trade with caution and consult your financial adviser before trading.
Axis Bank is trading at current levels of 320's after price erosion of beyond 50% in just 1.5 months i.e. fall from 750++ levels
one of the fundamentally strong private bank with govt holding of 26%
Axis bank can be accumulated in the price bank of 225 to 320 levels with various support levels as highlighted on the chart with blue lines
NOTE: One should consult...
Om Namah Shivay,
Brothers, Last week had this chart ready and had published.
Understood from the chart that, this stock has to go up as per the market structure. And today it has actually done it.
Now Axis bank shown that it has broken trend line, so it is possible that, market will rally further up and up in coming days.
But before assumption, market...
Axis Bank is dangling like a Northern star without losing its shine no matter how many bricks Indian banking sector is throwing at it. Wish it can get out of the barriers soon and fly sky high.
Bullish trend is observed.
BTST TRADE IN AXIS BANK
:-200-DMA TAKEN OUT
:-RISE IN OI+RISE IN PRICE
:-RESISTANCE OF 730 TAKEN OUT
TRADE IN FUTURES 28TH NOV CONTRACT
LEVELS ARE ACCORDING TO SPOT PLEASE ADJUST FOR FUTURE PRICES
ALTHOUGH REAL OI DATA WILL BE AVAILABLE ONLY AFTER 6/7 PM
!!PLEASE NOTE TRADE WITH...