Target for the current set up can be around 415.
Important levels mentioned in the chart itself
On the lower side 335-343 is an important zone which should be protected on a weekly closing basis.
Momentum might be seen once the stock crosses the hurdle of 358-364 zone
Risk::Reward ratio looks favorable for Bulls
Take care & happy ...
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 ....
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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
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 these ...