Axis Bank has crucial the upper trendline Resistance at 575 and is forming Inverted H&S Pattern which is a bearish Pattern. Can be shorted below 554. SL 563 Please consider following reasons - 1. Trend Line Resistance 2. Negative Divergence on Stocastic 3. Inverted Cup and Handle Pattern
BANK NIFTY Trying to Reach Support Level Price Between 23500-24000 and then can bounce Back to Next Resistance Level Around 30000 if Support Failed to Hold this Price level then you can see a Big Crashesh upto Next Levl 20000 Around. But Dont Forgot to use StopLoss Let c .... Stay Tuned.......!! Learn Here , Earn EveryWhere
2 scenario under construction in the stock as even described in charts .
YESB BUY: Firstly, if the stock breaks the level of 218.80 then BUY “CALL OPTION” YES BANK OCT 225 CE Secondly, if the stock sustains above these levels on positive basis then BUY “CALL OPTION” YES BANK OCT 240 CE SELL: Firstly, if the stock breaks the level of 203.00 then BUY “PUT OPTION” YES BANK OCT 190 PE Secondly, if the stock sustains below...
1) Has around 23000 Cr exposure to IL&FS 2) Formed double bottom - if it breaks down below- there can be a sharp fall!
As per daily charts axis bank could continue its downtrend.Its at very high over priced levels right now.A good correction can be expected at current levels.
Triple Top Formation In Bank Nifty look for target in the range of 27600-27400
1) Double bottom 2) False breakout with high volume Risk - falling crude, INR and increasing interest rate
1) NCLT cases resolution will give a boost 2) CEO tenure extension another trigger 3) stock is at a strong trend line- lets see if it breaks