Coming up with new simple Strategy for Swing Traders....
Axis Bank shows very volatile now a days
it was created Single bottom or V Pattern and now it is also above 50 Days Moving Average showing as Blue line
If you Seen that Axis Bank trades on one Channel in last many days now it is at the top of channel & Fib Retracement also shows bullish...
Today i m coming with another good stock which having great potential in future
Stock was gone very high few days back but now again going down
Important level Support around 286-290 if it crosses this support then be ready for more bearish...
As such resistance seeing around 314-320
Current Time is very crucial for VIP high chances for...
Comeback with New Simple but Useful Analysis
SBIN as you know Banking Sector are facing great pressure
There is another downfall will come in SBIN as candle touch 200 days EMA showing in purple
and its also crossed Channel which now work as support level
Next Support will around 176-178
Next Resistance Will arounf 207-210
I shows a sharp downtrend on indusInd bank,,,
Next Support will around 462-470
If Market WIll pull Back then next Resistance will around 642 - 716
Chart Closing showing a Downtrend as per my analysis
And One Disclaimer it is only for education purpose...