AXIS BANK Analysis for Short term

Intraday view stock is in down trend. It's follow a trendline . When price will be near at or touch trendline we can shorts our position. For long term investor buy on dip . It's a best options for them .
Support: 1092
Resistance: 1104
Maximum volume at 1100 (So we can think if price will be near this level and create a bearish candle we can make a position on shorts)

As expected if continue the downtrend price will be come at 1090. if near 1090 any bullish candle will be create at 15 or 30 or 45 min then buy .

Level 1090 was the Fibonacci retracement zone.

Bullish position will be create when price will be trade upper 1104.

評論:

Now price at the Level 1090 was the Fibonacci retracement zone as I yesterday told you . For more update follow my ideas and support me .