AXISBANK--Trading in Channel
Updated
this stock is trading in a channel
price is still unable to break the supply zone @1100.
if it tries again then definately sellers again push the price downwards,will observe a fallback below the support levels.
wait for the price to breaks the keylevel, to go for shortside continuation.
keyresistance level and support levels are marked.
trendline is pushing the price upwards, this time if price failed to push the price up, price will test the supports at 960 levels and 930 levels.
price is still unable to break the supply zone @1100.
if it tries again then definately sellers again push the price downwards,will observe a fallback below the support levels.
wait for the price to breaks the keylevel, to go for shortside continuation.
keyresistance level and support levels are marked.
trendline is pushing the price upwards, this time if price failed to push the price up, price will test the supports at 960 levels and 930 levels.
Note
Again at channel bottom...
**If these ideas are Helpful !
Please Like, Follow and Comment
Also share your thoughts in the comments section.
Thanks for your Support **
--Educational Purpose Only--
--Not SEBI Registered--
Please Like, Follow and Comment
Also share your thoughts in the comments section.
Thanks for your Support **
--Educational Purpose Only--
--Not SEBI Registered--
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.