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 .
Axisbanklong
Axis Bank from 17 July 2020The stock is showing increase in MFI also seems to be coming out of Consolidation Zone.
price has shown a good retracement ( consolidation ) in 420-430 zone.
Setup:
1. Intraday setup :
buy at 440 -> tgt 450
2.Positional setup:
buy at 440 -> 450 -> 462 -> 470 -> 476
3. Option strategy:
Sell ( 390 PE + 400 PE + 410 PE ) + BUY 370 PE * 3
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%
AXISBANK- LONG (Positional)My Long trade on Axisbank is active (its a positional trade for a week or maybe more)
Entered 1 Lot in FUT when spot CMP was 536.5 (Present CMP is 536.5-536.7)
SL is below 530.7 (6 Points)
TGTs: 460/475/500
This was discussed in the video I had posted yesterday on my views.
Everything is in the video on why I carried out the trade. Please check.
Link: www.youtube.com
Axis Bank Ltd Technical Analysis Indian Stock Market Axis Bank Ltd Technical Analysis Indian Stock Market
As the third largest private sector bank in one of the worlds fastest-growing economies, Axis Bank offers a wide spectrum of financial solutions to a diverse range of customer segments spanning retail, small and medium enterprises, government and corporate businesses.