Sell at 683.95 as previous day low breakout for micro target 1
and buy opportunity near 680.5 for another micro target
bot setup requires SL compulsory.
both setup are needed background market support.
AXIS BANK
Sector: Financials
Industry: Banks
Employees: 61940
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,...
1) Weekly Fib Golden Ratio
2) Monthly and Weekly support
3) Divergence (RSI + MACD)
4) Price action
5) Bullish Gap filled -w/ candle body
SL -635 Weekly CLBS
Support lines marked in Yellow.
Current CMP level tested a few times, so need to see if it breaks or withstands the pressure to rise upwards.
It is also in a downwards channel and at the bottom of the channel.. Mostly it should rise...
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
