Axis Bank (NSE cash)
LTP: 694.70
Support: 693.80
Resistance: 700.45
Daily charts (long term)
The candle has taken support on the 20 DEMA.
There is a clear uptrend since 22nd April
MACD is neutral because it is trading the bear zone but has green bars and there's a reversal as well.
RSI too is trading above 50 which is a good sign.
***Bullish
Hourly charts (medium term)
the candles have taken support on the 20 DEMA here as well.
RSI is making a bullish pattern called the rounded bottom. We can see a breakout once this pattern is completed.
MACD is in a correction mode in the bull zone.
***Bullish
15m charts (short term)
Bullish engulging pattern along with a confirmation candle can be seen.
MACD has a bullish reversal.
RSI is in an uptrend heading towards breaking the 50 mark.
***Buy for a short term target of 710 / 715
LTP: 694.70
Support: 693.80
Resistance: 700.45
Daily charts (long term)
The candle has taken support on the 20 DEMA.
There is a clear uptrend since 22nd April
MACD is neutral because it is trading the bear zone but has green bars and there's a reversal as well.
RSI too is trading above 50 which is a good sign.
***Bullish
Hourly charts (medium term)
the candles have taken support on the 20 DEMA here as well.
RSI is making a bullish pattern called the rounded bottom. We can see a breakout once this pattern is completed.
MACD is in a correction mode in the bull zone.
***Bullish
15m charts (short term)
Bullish engulging pattern along with a confirmation candle can be seen.
MACD has a bullish reversal.
RSI is in an uptrend heading towards breaking the 50 mark.
***Buy for a short term target of 710 / 715