The stock is showing increase in MFI also seems to be coming out of Consolidation Zone. price has shown a good retracement ( consolidation ) in 420-430 zone. Setup: 1. Intraday setup : buy at 440 -> tgt 450 2.Positional setup: buy at 440 -> 450 -> 462 -> 470 -> 476 3. Option strategy: Sell ( 390 PE + 400 PE + 410 PE ) + BUY 370 PE * 3
AXISBANK - GI SHORT @ 474 WITH A SL OF 520 AND A TARGET OF 336. TARGET SHOULD BE ACHIEVED BY 18 AUGUST
AXIS bank intraday price expectations
Axis bank is to face near term weak resistance. It has tested the resistance multiple time and has continued to make higher lows. Now we just need to wait for the stock to exit the hiccup and give a breakout. Follow us on Twitter for more instant updates.
More bull power only above 486.. 470 to 486 reversal zone
AXISBANK GOOD BUY 432/431 levels
Axis bank gave a false breakout on 7th July. One who bought on the breakout must not have considered upper trend line resistance(Red). Today it has given breakdown by breaking short term trend line(blue) and not it has sitting comfortably on support zone. If tomorrow(15th July) market sentiments are positive then it will surely move upwards to test 430 levels...
Rising Wedge Pattern is prominent on the Axis bank chart and can bring the stock down to the previous level of 333 again.
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Buy AxisBank using three Trend lines yellow, green and red trend lines . Buy at 441.80 price .Target of 489 around 10% . Stop Loss is the red line around 1.39% @ If it starts breaking the red trend line . You can also take a Short Position . Then it can go Down. Also RSI there seems more room for upward movement. For risk of 1.39 % there is an upside of 10%
My Long trade on Axisbank is active (its a positional trade for a week or maybe more) Entered 1 Lot in FUT when spot CMP was 536.5 (Present CMP is 536.5-536.7) SL is below 530.7 (6 Points) TGTs: 460/475/500 This was discussed in the video I had posted yesterday on my views. Everything is in the video on why I carried out the trade. Please check. Link: www.youtube.com
Axis bank is into consolidation and it seems that another pot hole is to be tasted by the stock.
Weekly resistance at 485 , any long position only after 486 level, good volume support.
Stocks might look bullish for target toward 480-500-520.