Axisbank Axisbank looking in Bullish impulse started
One can go Long now or in dips with stoploss of 704
All the key levels are mentioned in chart with Stop-loss and Targets.
Head and Shoulder Pattern Neckline Breakout
Impulse Started
Macd in daily time frame positive and Uptick
Macd in hourly time frame positive and Uptick
Rsi in daily at 59 along with Uptick
Rsi in hourly above 60
Upper Bollinger Challenged in Hourly
DMI and adx positive attitude
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Consult with your Financial advisor before trading or investing
Axisbankbuy
AXISBANK -15 MINUTE - LONGinthe last trading session we can see the axis bank stock has moved around 12.60 rs.
today we are going to see where the stock is headed in the coming days.
based on the current trend setting up , the stock is expected to come down to 411.50 which is a support level and then move to 419 level which is our resistance level .
AxisBankBuy AxisBank using three Trend lines yellow, green and red trend lines . Buy at 441.80 price .Target of 489 around 10% . Stop Loss is the red line around 1.39% @ If it starts breaking the red trend line . You can also take a Short Position . Then it can go Down. Also RSI there seems more room for upward movement. For risk of 1.39 % there is an upside of 10%