- Support from 50 EMA and RSI above 70 - Good volume breakout to test 710 resistance levels
- Bearish Divergence on weekly TF - Low FII support
- Banking sector looking week - Bearish divergence in Daily TF
- Above 200 EMA on daily, hourly and 15 mins TF - Triangle breakout buildup - decreasing sell volume
Axis Bank losing momentum on 15 min TF. Also given the rally, a correction is expected in the sector
Broke the support line on a 1 Hr time frame. Looking at Nifty and overall market, good time to short?