Note: This is for educational purpose only. Axis bank seems to be losing momentum. RSI went below 50. Formation of somewhat a double top in play. Spike in selling volume too. Short only if price breaks the support line.
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Axisbank at its support zone @379.50 if it go below 379.50 can sell (range - 379-377) Target 1st - 371 2nd- 368 (For Intraday) SL - 389.55 AND if it go above 381.90 can buy tg. 1st - 384 2nd - 388-90 (For Intrday) SL - 376
INTRA-DAY TRADE IN AXIS BANK FUT SHORT@371.6 STOP@380 TARGET@360 QTY=2400 !!please note trade with caution!! !!manage your risk!! !!trade-wise!! !!please adjust for future rates!! !!intra-day ideas series everday at between 9:30 to 10:30!!
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....
NSE:AXISBANK Buy In Hope Of Bounce Buy Near 640 645 SL 630 T 655 685 Major rally only after Closing above 710 550 can be seen on closing below 625
Signals: 1) Price Rejection at highs 2) Continuous Retest of support near 747 3) Possibility of break of weekly pivot
AXISBANK Wait for the pullback... Don't enter before Retest Entry zone 551 to 563 TP 527/520/512
AXISBANK Wait for the pullback... Don't enter before Retest Entry zone 551 to 563 TP 527/520/512