Descending Triangle on 1H = Bearish
1. SHORT if goes below 758 Target 743 SL 771
2. If on market open it is positive but weak short around 768 Target 743 SL 774
Short Axisbank 636 . Its highly overbought I would ideally short in Options rather than future .
Over next 1 week or so it should stabalise around 620 Levels where one can do profit booking in options .
also time decay will also fetch good money.
Its a risky trade. Against the trend.
Sell Axis bank 620 CA at 28 Rs
Trade with caution.
Axis Bank Limited (the Bank) provides a suite of corporate and retail banking products. The Bank's segments include Treasury, Retail Banking, Corporate/Wholesale Banking and Other Banking Business. Its Treasury operations include investments in sovereign and corporate debt, equity and mutual funds, trading operations, derivative trading and foreign exchange operations on the proprietary account and for customers. Its Retail Banking constitutes lending to individuals/small businesses and activities include liability products, card services, Internet banking, mobile banking and financial advisory services, among others. Its Corporate/Wholesale Banking includes corporate relationships not included under Retail Banking, corporate advisory services, placements and syndication, project appraisals, capital market related services and cash management services. Its Other Banking Business includes para banking activities, such as third-party product distribution and other banking transactions.
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AXISBANK
![AXISBANK: [Long term] AXISBANK HODL](https://s3.tradingview.com/l/LvU4JRKl_mid.png "[Long term] AXISBANK HODL")
