AXISBANK - 698492
AXISBANK
AXISBANK may see more down move, also as per 5min as well as hourly Chart at the stock will see a support at or around 350.45 levels. The charts are indicating a small reversal but the uncertainty specially in banking may make the stock range bound.
Anyone considering buying AXIBANK may consider the same if sustaining above 368.55 on 5min charts for target of 379.15 followed by 385.51 and 400.65.
On the short side a trade is advised only if on 5min charts it is sustaining below 342.25 with target of 331.75 followed by 323.58 and 313.75.
Will share the trade idea for all segments (FnO and Cash) in AXISBANK at request only.
p.s. – If trading as per shared view then it is recommended to trade as per my given levels only. Kindly do your own research as per your own risk. Please trade as per your comfort and risk. These levels have derived by analyzing Options data and spot price movement.