Hello, This is the positional shorting view on AXIS bank... Chart image is self explained for the position. Regards, Satish Haryan
STOCK HAS BEEN ON SIDEWAYS SINCE NOVEMBER-2019. WHICH GIVES OPPORTUNITY TO TRADE HARMONIC PATTERNS. BULLISH BAT BUY ENTRY: INR 703 STOP LOSS: INR 687.10 TARGET-1: INR 723.45 TARGET-2: INR 737.65
DISCLAIMER : As a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level. Not every idea is a valid trade. This analysis is a trading idea, not a trading signal for you. My own trend direction estimation, entry point, stop loss and take profit levels are on the chart. Good Lucks.
Axis Bank - Bullish Bias - Can buy at current levels.
Daily Chart of Axis Bank: On daily chart the stock is moving in tight range of 60-70 Rs. The stock is holding the support zone of 590-600 levels and facing stiff resistance around the zone of 660-670 levels since the month of November-2019. Break out on either side will decide the further trend in the stock.
14.02.2020 AXISBANK BUY AXISBANK BETWEEN 743.5-741 CMP : 745 INTRADAY TARGETS T1 : 749 T2 : 756 SL : 738
13.02.2020 AXISBANK BUY AXISBANK BETWEEN 749-746.5 CMP : 754 INTRADAY TARGETS T1 : 754 T2 : 760 SL : 744
12.02.2020 AXISBANK LONG AXISBANK BETWEEN 743-740 CMP : 750 INTRADAY TARGETS T1 : 750.4 T2 : 756 SL : 737
11.02.2020 AXISBANK LONG AXISBANK BETWEEN 738.5-736 CMP : 740 INTRADAY TARGETS T1 : 742 T2 : 749 SL : 733
AXIS Bank -775 by 12th Feb and 794 by 14th Feb
06.02.2020 AXISBANK LONG AXISBANK BETWEEN 720-718 CMP : 724 INTRADAY TARGETS T1 : 725 T2 : 730 SL : 714.4
AXISBANK Stock Price and Chart
04.02.2020 AXISBANK SHORT AXISBANK BETWEEN 716-718.8 CMP : 708 INTRADAY TARGETS T1 : 711.6 T2 : 704 SL : 722