AXIS BANK – SELL | F&O Traders Be Ready

📉 AXIS BANK – SELL | F&O Traders Be Ready ⚡

SELL @ CMP: 1242
🎯 Targets:
• TP1 → 1220
• TP2 → 1210
⛔ Stop-Loss → 1258

Derivative View:
• Short Futures / PE Options can be considered
• Suggested PE: 1210–1220 strike (Weekly expiry for fast scalping traders)

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📌 Technical Analysis

AXISBANK has faced multiple rejections near 1250–1260 resistance.
Bears are now showing strength with:

✅ Breakdown below short-term support
✅ Rising open interest on short side = Smart money shorting
✅ Price trading below 20EMA → Short-term trend turning bearish
✅ BankNifty weakness supporting downside move

If price sustains below 1220, more selling pressure may drive it toward 1210 zone.

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⚠️ Risk Management
• Trade with proper SL
• Avoid over-leveraging — Futures & Options move fast
• Partial booking at TP1 recommended ✅

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