AXIS BANK LTDLong
Axis Bank Positional Setup
Entry: Consider entering around the current level of ₹1,197.50.
Target: Aim for the upside towards ₹1,318.20, aligning with recent resistance levels.
Stop Loss: Place a stop loss at ₹1,151.20 to manage risk effectively.
Rationale: The stock has shown strong momentum with a significant upward move of 5.80%, and it's approaching a critical resistance zone. A break above this zone could signal further bullish continuation.
Technical Indicators: RSI suggests a recovery, and volume spike indicates buying interest.
Target: Aim for the upside towards ₹1,318.20, aligning with recent resistance levels.
Stop Loss: Place a stop loss at ₹1,151.20 to manage risk effectively.
Rationale: The stock has shown strong momentum with a significant upward move of 5.80%, and it's approaching a critical resistance zone. A break above this zone could signal further bullish continuation.
Technical Indicators: RSI suggests a recovery, and volume spike indicates buying interest.
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