Keep the red line as SL and go long but if it breaks the red line and gives closing for even a single day then go short with a target towards the lower blue line. For long look for a target towards the upper blue line and then towards 200 day MA.
Wait for a breakdown or clear bounce from support. This stock has been consolidating at 1700 to 1800 levels for sometime now, can give good move on either side.
Right now axis bank has a cluster of resistances marked all in while horizontal lines and the different support zones are marked by purple horizontal lines. Any break of support will lead to good fall towards the downside.
Axis bank has been looking very bullish and has rallied well in the past couple of weeks. Look at the levels carefully and take a position. My bias is bullish and a buy on dip on this stock but still levels are important to watch.
BN has retested hits support trend line and is inching higher, possibility of retesting all time high. View is invalid if it breaks the support trend line.
Possibility of a correction coming.
BN has right now retraced to 50 percent from its recent low of 30,400 and can retrace further to below levels mentioned in the chart. The max retracement can be up to 1.27 levels where a strong support lies.
Just put stop loss at above the close of the trend line on a weekly basis.
Wait for a breakout and then take the trade.
HDFC bank has seen another major sell off, this is due to Fii's selling constantly in the cash market and since they have heavy holdings in banks such as axis, Kotak and HDFC, lot of down move is being seen. We cannot predict if this is the end of the selling by foreign institutions given that it is trading close to 15 percent below it's all time high for past few...
Look at the levels carefully and see what works out well. Right now my suggestion, wait for any reversal upmove for fresh longs.
Nifty is in a clear consolidation stage with massive volatile movements. Better to wait and take a trade based on a breakout on either side.
Index does not like people who short it.
Axis bank seems to have created a double bottom for further confirmation go long above 759.
High possibility of up move, towards 660
Perfect breakout with backtest. Keep the previous high as stop loss and take long position.
For the last few times, the stock took support at the green trend line and now it has broken it and is below both the 10 and 20 EMA. Although I see a crossover of 10 and 20 on the upside we need to wait till it enters back into the trendline. My suggestion wait till it breaks 945 for a long position.
Look at the levels and take positions.