As we can see above i see the very good opportunity buy Axis bank here if sustain above 800 level tomorrow.
so if axis bank stay above 800 level i would buy and keep a stop loss of 787-786 as uh can see the RED LABEL that the price where i would keep my stop loss with the target of 805,820,835
Reason behind buying
1. Axis bank is at its very crucial support which is .786% fib
2. it also confluence of trend line which has giving him a good support if it take the support back and sustain above 800 it a very good buy for intraday and also for swing and if uh are option trader be aware of the next week monthly expiry
so if axis bank stay above 800 level i would buy and keep a stop loss of 787-786 as uh can see the RED LABEL that the price where i would keep my stop loss with the target of 805,820,835
Reason behind buying
1. Axis bank is at its very crucial support which is .786% fib
2. it also confluence of trend line which has giving him a good support if it take the support back and sustain above 800 it a very good buy for intraday and also for swing and if uh are option trader be aware of the next week monthly expiry