Axis Bank simple price-action trade setup for Friday 23 July, if global markets remain bullish tomorrow, can expect good upside momentum.
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Axis bank spot cmp 745
rising channel structure formation
currently price trading around demand line of structure
hidden divergence on RSI and Macd indicator
Good long candidate
NSE:AXISBANK
Axis bank has made a breakout on 30 mins time frame. Go long for swing trade.
LTP - 771 rs
Entry - 767 - 771 rs
SL - 763
TGT - First -795 rs / Second- 810 rs
Please share with your family and friend if you like the idea to go long. This chart is only for educational purpose. Consult with your financial advisor before making any investment.
Happy...
As it has jumped back into Channel with Strong Volume.
It Also broke resistance of 765. this Will be tested as a Support for further movement before going Rocket
With a Target of 800 its a possibly good trade for this and upto next week.
Be wary of AGM around 31.07 we could see some berserk reaction before that
