AXISBANK MAY 2019 Analysis

Monthly Trend-UP

Weekly Trend-UP

Daily Trend-UP

Preferable Trade Setup-Buy at support

Chart Analysis

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 .

AXISBANK daily support level

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.

AXISBANK fibonacci support 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.

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