TRENDS is a positional trend based trading system backed by highly accurate Alpha k trading algorithm developed by Trading.shiksha.
Trends has been designed to sense the slightest of change in the direction of trade and then generates trading signal once there are enough of conformations on different parameters.
Trends have delivered more than 120 profitable...
Open Short position only when price stay below 645 for 4 hours (meaning we are looking for one bearish candle below 645 for confirmation) ..
Trading Price 640
Target 605, 560
SL 670
Key Levels for AXISBANK are :
Upper Breakout~670.20
Interim Resistance~677
Final Resistance~682.80
**Lower Levels**
Lower Breakout~659
Interim Support~653
Final Support~645.50
Please trade with caution and consult your financial adviser before trading. You can also join our TELEGRAM channel from the below mentioned link, t.me
Firstly, look at my previous post on Axis bank. Now, indicators are at the extremes. Looks like Nifty will fall, so Axis Bank has to. Plus Axis is in a channel as shown.
The chart of AXIS Bank examined and found that the stock is ready to break the important levels, on tomorrow if the stock closes below the 640 levels again, traders can short the stock till the expiry for targets below 600 rupees as the stock is showing the "Head & Shoulder breakdown" and we may confirm its trend after tomorrow's closing.
Firstly, Axis Bank seems to be following a trend. It has closed at the bottom of the channel. Now look at the stochastic indicator, again at the bottom along with RSI. A possibility of upmove can be seen.
Axis Bank Limited (the Bank) provides a suite of corporate and retail banking products. The Bank's segments include Treasury, Retail Banking, Corporate/Wholesale Banking and Other Banking Business. Its Treasury operations include investments in sovereign and corporate debt, equity and mutual funds, trading operations, derivative trading and foreign exchange operations on the proprietary account and for customers. Its Retail Banking constitutes lending to individuals/small businesses and activities include liability products, card services, Internet banking, mobile banking and financial advisory services, among others. Its Corporate/Wholesale Banking includes corporate relationships not included under Retail Banking, corporate advisory services, placements and syndication, project appraisals, capital market related services and cash management services. Its Other Banking Business includes para banking activities, such as third-party product distribution and other banking transactions.
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AXISBANK
