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Breakdown

Axis Bank Clear cut break Down on 4th may 2020Axis Bank Clear cut break Down on 4th may 2020. Even the market had touched the new high of 9850 Axis bank didnt move significantly. which indicated that investors are not willing to enter the stock at currnet level. check the levels of support and resistance in chart XISBANK 28May2020 Add to Watchlist An increase in open interest along with a decrease in price mostly indicates short positions being built up, except for very strong stocks where some traders may buy the stock on declines May 04, 15:30 406.20-39.30 (-8.82%) BSE: 532215 | NSE: AXISBANK | ISIN: INE238A01034 Open Price 423.25 High Price 424.40 Low Price 398.55 Prev. Close 445.50 Spot Price 402.80 Open Int PCR 0.58 Prev OI PCR 0.61 Bid Price 406.00 Bid Qty 1,200 Rollover % 1.33% Average Price 410.06 No. of Contracts Traded 27,514 Turnover (Rs. in lakhs) 135,388.69 Market Lot 1200 Open Interest 48,414,000 Open Int. Chg 1,624,800 Open Int. Chg % 3.47 Offer Price 406.25 Offer Qty 2,400 Rollover Cost 1.80
NSE:AXISBANKShort
by SherBazaar
Breakdown strategy on spot niftyStatement (1) : As per "No trading activities", the price is not going to cross above the Control Price which drew by blue color. Statement (2) : Presently, Nifty is again going to high volatile as show by Remarkable box . Statement (3) : From the timeCycle, approximately move projected by (A),(B) and (C) . As per channel, the main support is 10525 below where investors think for the long side. The price can consolidate between 11300 and 10600 range for 2-3months. Breaking this range will create a new spike.
NSE:NIFTY
by Trade-Technique
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