POSSIBILITY OF SHORTING AXIS BANKAxis Bank may give an opportunity to short. The set up is as follows
-From the current position, if the price moves down and goes below 721, then the price may decrease further and any shorting done may be rewarding.
- From the current position, if the price moves up and touch the price of 736, Wait for the next candle. If the price decreases from there, after touching the red color - crucial resistance line in the chart shared, then the price may decrease further and any shorting done may be rewarding.
- T1:714, T2:701, T3:685. Stop loss:739
This is only a view and not an advice to trade. Kindly trade as per you analysis, risk assessment and capital.
