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
Near major resistance and now make or break situation.
Looking bullish on daily TF,
but not that strong on Weekly TF.
So now I'm in wait and watch situation.
This was my first video on Tradingview platform.
Hope you like it.
This post is for information purpose only.
NSE:AXISBANK
Sell Below 748
Green Lines = support. Consider it as your Target if you short/sell it after the mentioned level.
Buy above 760.
Red lines = resistance. Consider it as your Target if you go long/buy it after the mentioned level.
On the weekly chart, Axis Bank is moving steadily but could break it to get to more highs as it has much more stabilized financials among the private bank players and has a better future keeping the Private Banking sector's perspective.
Axis Long
Buy above- 774
SL- 735
Target- 835, 872, 910
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Charts and views are only for educational purpose.
