Short to Medium Term Investment Opportunity & Trading Opportunity for Positional Trader in Axis Bank Ltd. Explained with technical chart for 10-20% returns
This Trade Set Up is based on Technical Charts and the chart is also Updated below for your kind reference. The trade set up is for short to medium term. The trade Set Up are selected based on high probabilities however money management is to be ensured.
Guy’s please refer the above daily chart of Axis Bank CMP is 447. Axis Bank is at strong support area in the marked arrows in green colour. Axis Bank is expected to give movement towards 490-500 (i.e. 10-12%) & 544 -550 i.e. 20 %. The returns are expected in the shorter time frame. i.e. within 2-3 months. Weekly charts are further indicating upside however the details will be updated on achieving the levels of 544. Weekly charts are indicating upside towards 590-600 levels that comes to 35%. Refer the video below for detail understanding.
Please make a note that nifty and banknifty index futures weekly trend analysis / levels posted here is based on our studies and the knowledge we have on the markets. All the contents posted here are for educational purpose only and it is not a buy or sell recommendations.
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