In morning one of my followers who is long in axis bank and new trader , asked about my view. That time i replied on basis of bnf chart rather than axis bank. So I was worried for his capital ,therefore , spend hrs to analyze this chat for you and all who are trading long or going to invest in this bank. Please see carefully.
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
INTRA-DAY TRADE IN AXIS BANK FUT
!!please note trade with caution!!
!!manage your risk!!
!!please adjust for future rates!!
!!intra-day ideas series everday at between 9:30 to 10:30!!
Axis Bank has made a lower low, and is at a short term resistance where it faced a sharp intraday sell of on Thursday. If the sell off continues on Monday, there is a good opportunity to short. The stock may see correction towards 400 zones. Will be observing the moment in Monday's trade.
Stop Loss at 455.
Target Price: 405.
Axis Bank had been on a good bull run tracing a rising channel. Strength in bulls looks to have lost steam where it couldn't make new highs.
Right now, looking at the chart we could identify a Double top pattern with neck level at 760. Yesterday's close below the neck level has confirmed the pattern and it would be right to take bear bias. However do look for a...
W.R.T the current global markets' performance which is on a massive downtrend with DJI losing 650 points and more than a 1000 points last week, there will be a significant effect on Indian markets on 26th Dec to 1st week of Jan 2019. Demand Index prophesize the next movement, but not the next day's movement. So, please DYOR