dhananjay.d.joshi

Axis Bank trading Plan

NSE:AXISBANK   AXIS BANK

This is the trading plan for Axis bank.

Share is moving in up trending channel, price has broken structural highs on daily chart . Shorting such up trending share will be risky. Supply zone , Momentum Indicator , Gann line and candle stick analysis to take short or long trade.

If we close above current supply zone the one can long share keeping the next supply zone as target. Its important to use trailing stops.

Trade levels are mentioned on chart.
If we are not able to go in the channel then we can have nice fall, as channel retesting is going on
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price is trying to get in to the up trend channel.
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Price Taking support at channel line
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Thank You,
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