Preferable Trade Setup-Buy at support
AXISBANK is currently trading near the daily support level of 715.60-734.50.Trend in daily time frame chart is uptrend.Break of this support level will trigger more selling pressure in .
Fib retracement level for AXISBANK
Fibonacci golden level of 61.8 % for is at 721.If the above mentioned daily support level of
734.50 is broken, fib golden level of 721 should be considered as the next buying level.
Monthly support and resistance levels of AXISBANK using NSE option chain data
As per NSE option chain data, support level for AXISBANK is 730-700 and resistance level is 800-820.