AXISBANK
Daily Chart of Axis BankDaily 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.
HDFC bank Intraday setup for 23rd JanuaryHey Everyone,
HDFC bank also made low in their H&S neck line. but still we need more confirmation because this is the support area too . yesterday low and high both important and we will setup our trade on it. Buy above 1256 sl : 1240 and sell if 1240 broken sl is same closing basis
#AxisBank ShortTerm view*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.