*Note: Yellow Lines: Weekly Support zone 680 to 647 (Max, should not go that much, consider 690 only for now) Pink Line: Recently acting as support turned into resistance (2 Hrs time frame) Recently 707 acting as a support breakout of 707 may lead to 697 > 689 > 680 (Strong support) **Upward trendline broken on weekly basis.
AXISBANK (Axis Bank Ltd) BUY ABOVE 718
Buy above 736 for 742 target, Sell below 720 for 705 target
Axis is Also in my watchlist for today Intraday Setup, Consider watching the Buy or sell Levels.
Axis Bank is trading near a resistance on 4 hour chart and already showing divergence on RSI and MFI, as soon as MACD turns negative one can go short, however agressive trader can go short even if just the slope turns downwards
AXIS BANK INTRADAY AND SHORT DAYS TRADING IDEA
If range does not break down then 800 in sight
sell axis bank 806-815 sl 828 tgt 780-770
Buy Axis bank ( levels mentioned in charts)
Bullish on the script till the provided resistance levels.. a long way to move higher.
Support Levels: 707, 701, 697, 689 Resistance Levels: 720, 733 Trendline Support Levels: 688-701 Trendline Resistance Levels: 717-720