Facts that Supports upward movement : - i) High Volume and Inverted H& S pattern on verge of breakout ii) Increase in earnings iii) Decrease in Gross & Net NPAs. iv) Target 900-920 suggested by brokerage houses. v) FPI/FII increased holding from 51.02 to 51.43% in March 2021 qtr. vi) Reduction in covid cases and normalisation in situation. Facts against upward...
WEdge breakout and so expecting this move eventually. Chk it out. Lets see the outcome
Axisbank looking in Bullish impulse started One can go Long now or in dips with stoploss of 704 All the key levels are mentioned in chart with Stop-loss and Targets. Head and Shoulder Pattern Neckline Breakout Impulse Started Macd in daily time frame positive and Uptick Macd in hourly time frame positive and Uptick Rsi in daily at 59 along with Uptick Rsi...
axisbank upside target we can see with quick upside move
inthe last trading session we can see the axis bank stock has moved around 12.60 rs. today we are going to see where the stock is headed in the coming days. based on the current trend setting up , the stock is expected to come down to 411.50 which is a support level and then move to 419 level which is our resistance level .
Go Long in AXIS BANK 430-450 for a Stop Loss at 412 and Target will 480-485 followed by 520-530
BUY CE 450 if crosses 447.75 TGT 450.95
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%
all levels are given in the chart