AXIS BANK POST RESULTS HOW TO TRADE IT 25 JULY 2024
Axis Bank has completed one price cycle from the double bottoms at cycle point of 1128.45 on 5th June 2024 and hit targets at 1327.60 on 12 July 2024 nearly 200 points in 37 days run up. It recently announced its results and been correcting the price cycle rise currently. The stock has support around levels of 1219.75 below it may go in consolidating mode with major supports around the levels of 1169.95 with intermediate supports around the levels of 1194.85. Pullbacks on the stocks need to be watched around levels of 1294.40 above which we may see strong recovery. Squaring price on downside could be around 1172.20. Below 1169.95 we may see major correction in the correction. Above levels can be used to trade till August expiry.
Happy Trading !!!
N.B. Not a financial advice to buy or sell.With usual disclaimers as applicable within the reach of this beautiful trading analysis platform. Thanks to the developers of the program for this opportunity to use it freely to express our ideas to the community of traders.
Happy Trading !!!
N.B. Not a financial advice to buy or sell.With usual disclaimers as applicable within the reach of this beautiful trading analysis platform. Thanks to the developers of the program for this opportunity to use it freely to express our ideas to the community of traders.
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