It can give a trend reversal from there, now its good time to invest in this stock in staggered manner, but if it breaks the support then stoploss will be 580.
NSE:AXISBANK2! The stock has broken down and retested, therefore may undergo a correction in the short term. Trade is supported by Resistances Nearby. Risk Reward Ratio - 2:1 SL is placed above the resistance zone & the lower trendline.
Reliance and Infy put some bearish pressure on the indices in the second half. 16,400 has been rejected, SGX is trading negative and futures are in backwardation, too. What's your view?
The markets are still in limbo, repeating March's price action. What's your view?
Metals dragged, but private banks helped Nifty stay afloat. Do you feel 16,200 will hold?
Market take Resistance..OI support nifty and banknifty both ..this time to Sell ..this is my opinion..and yours comment below thank you
Axis Bank is falling, due to BANKNIFTY is falling, so trade small term short Swing, Do not go long under 718 because market is crucially negative. If 648 is crossed then harmonic prz 2.1 will activate.it will go for 623
It was Reliance vs Infosys for yet another day today. The bears seem to have a good grip on the market, but the intraday price action did seem to favour the bulls. What's your view?
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The market fell quite sharply, forming a spinning top on EOD basis. Where do you think it could be headed from here? Will NSE:RELIANCE results and US markets impact Monday's price action?
The markets fell, partially thanks to the unexpected rate hike announcement by the RBI governor. What's your view?
The markets concluded the week on an indecisive note this time around as well. Axis Bank results, while not disappointing, still disappointed the markets. Kotak Bank was an unexpected performer.
Axis Banks seems to have topped out. The selling volumes seem to be picking up again similar to it's previous fall. The support levels are likely to be broken on another retest and the stock may be headed for 450 levels over the coming year. View stands invalidated on break of highs of 867
Sell AxisBank at 742 Stoploss 745 Target 733.5 730
Nifty retested 17k yet again, and with VIX back above 20, the volatility continues. Bajaj Finance (BAJFINANCE) fell after its results, meaning now the focus is on BAJAJFINSV on how it may move during its earnings. Axis Bank, too, has its results tomorrow. What's your view?
RIL and IT stocks were under pressure today, dragging Nifty below 17k. Banks performed a little better despite pressure from PSU banks. Bajaj Finance (BAJFINANCE) has its results tomorrow, so let's see if it shows some wild moves! What are your views?
Axis bank showing a double top pattern and its breakdown may get a support on 748 Fibonacci level and a long term support at 724 .
Banks seemed very weak today, especially ICICI Bank and SBI. The rest of the market, too, faced second-half jitters. VIX did not rise by much, and RIL touched 2800!