AXISBANK has consolidated at current level for 9 weeks in the past, currently it has consolidated for 6 weeks. breakout is possible in the next 3 weeks.
if it encounters unexpected down move, 530-550 range could be a support.
it took support at 50EMA and closed above 20EMA on daily scale.
630 has been key resistance on monthly scale too. 637 has been resistance for weekly scale. breakout on side can take this upto 730 levels.
Weekly RSI is above 60, indicating bullishness.
Double top has formed at 637 level on daily chart
Stock is consolidating at higher levels. so potential breakout.
Have this stock on watchlist for consolidation breakout.
if it encounters unexpected down move, 530-550 range could be a support.
it took support at 50EMA and closed above 20EMA on daily scale.
630 has been key resistance on monthly scale too. 637 has been resistance for weekly scale. breakout on side can take this upto 730 levels.
Weekly RSI is above 60, indicating bullishness.
Double top has formed at 637 level on daily chart
Stock is consolidating at higher levels. so potential breakout.
Have this stock on watchlist for consolidation breakout.
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Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.