AXISBANK-Observations:
------>Stock trending upwards
-------> Broken Trendline retest is needed.
-------->If this is a false breakdown the trend will continue moving upwards again.
--------->we have a great supports build at 830-850 levels.
---------> Previous strong demand Zone may act as Resistance and pushes the price towards downside, careful at 905-910 range.
--------->keep on buyside we have a chance to enter long until it breaks 830-850 range.
------>Stock trending upwards
-------> Broken Trendline retest is needed.
-------->If this is a false breakdown the trend will continue moving upwards again.
--------->we have a great supports build at 830-850 levels.
---------> Previous strong demand Zone may act as Resistance and pushes the price towards downside, careful at 905-910 range.
--------->keep on buyside we have a chance to enter long until it breaks 830-850 range.
Trade closed manually
BANKNIFTY at its supply zone, dragging all the banking stocks.
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Please Like, Follow and Comment
Also share your thoughts in the comments section.
Thanks for your Support **
--Educational Purpose Only--
--Not SEBI Registered--
" i am a IT-Trader "
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
**If these ideas are Helpful !
Please Like, Follow and Comment
Also share your thoughts in the comments section.
Thanks for your Support **
--Educational Purpose Only--
--Not SEBI Registered--
" i am a IT-Trader "
Please Like, Follow and Comment
Also share your thoughts in the comments section.
Thanks for your Support **
--Educational Purpose Only--
--Not SEBI Registered--
" i am a IT-Trader "
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.