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AXIS BANK Share Tips, Technical Analysis Chart, Intraday Stock Trading Graph Advice - Stock moving in a up channel formation, will favor bull, Further strength expecting once Axis closes above 409. (Updated On 21st August 2014, Thursday).


AXIS BANK




  • AXIS BANK currently moving in a up channel formation this indicates as long as stock moving in its channel formation it will be favored by bulls, but if stock breaks its up channel on down side and comes out then sharp weakness is expecting in AXIS BANK.
  • Technical also indicates that stock is moving up from 50 days moving average as shown in graph no2 , as long as stock holds above it will be favored by bulls once closes below stock will show first sign of weakness, Chart also indicates that on upper side stock will find strong trend line resistance around 409 its previous top, if stock closes and stays above 409 then bulls will get active for further up move for next few trading days.
  • If stock moves up from current levels and closes above 409 then on upper side will find resistance around 415 its trend line and next resistance around 433 its 161.8% fibonacci retracement as shown in graph no3. Close watch.
  • Click here to see all the free trading reports (tips) published by us on AXIS BANK.
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What is Intraday Tips ?

Q. What is Intraday Tips / Inraday Trading / Delivery trading.

A. There are basically two types of trading on stock market--
1- Delivery
2- Intraday

Delivery trading is one in which shares are bought and can only be sold after they are delivered by the broker.that means that they cannot be sold the same day , and delivery takes two to three days after they are bought and then they are ready to be sold.

Intraday trading which takes place for that very particular day and there is no delivery..they can be bought and sold the same day...and are automatically sold at the end of the trading session if you have not sold it by yourself during the trading session. The person who suggest such types of forecast is called

Intraday Tips

.