AXISBANK trade ideas
AXIS BANK We have been following these trend lines for a long time and continuously making a profit
You can see all the support and resistance have been drawn already
For Education and training purposes
Any views about this are welcome
Note: If the market is sideways we will take buy-side scalping trade
AXISBANK--Outlook from 950-830 ??AXIS Bank Outlook::
Strong Supply zone is observed @950 zone
and Strong demand zone is observed @830 zone, keep on sell side from 950 and Buy side from 830-840 zone.
Price is going to enter in consolidation zone...between these 2 levels.
Short Term Bearish view::
950-830 levels..
1st phase Bearish::
from 950-900 is possible..
1st Phase::
Bullish view from 900-930 is also possible::
2nd Phase:: Bearish look
930 level to 860 levels.
3rd phase Bearish look::
910-900 to 830 levels.
3 Phase Bullish From::
860-910 level or 860-900 is possible.
4th phase Bullish from::
830 level to 950+ level..
AXISBANK--Breakout Range (Supply)??Observations::
In my last view about AXISBANK, broken the trendline and continue fall or rise happens.
Now clearly the rise happens from these levels 870.
Resistance @ 935-940 range.
now The stock price is at Supply zone, price is in range from last 1 week, it will not test the supply zone.
consolidation to fake breakout may happens at this level, keep watch this level.
If price breaks 910 range, observe some fall price reach to 850-860 range.
We have a great support lies in the range 850-860 range.
BUY AXISBANK AROUND 665 TGT 725/780/830 SL BELOW 570 AVG @ 620Currently holding above the 200 and 100 dma and looking to break the resistance line from next week. With the upcoming result session and budget in near sight, good momentum can be expected in the short term with above mentioned entry and exit