Axisbankshort
AXISBANK touched the resistance at 384, Now expect the fallAXISBANK has recently touched the mirror level of 384
Now, the down move had begun
I had added a short, If got more opportunity I will add more shorts at better price
If market open above and starting moving down, more shorts
Target will be 365 for short term, intraday
#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.
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.