A follow up on the idea 
.
The stock broke the descending channel which is already mentioned in the previous chart and took support around the 50 % of the Fib levels with good volume and rejected .
I have added parallel channel to have a clear view so the stock is still inside the channel . The Support / Demand zones stays the same (800/820/840) where as resistance is at 900-910 / the upper limit of the channel .
Trade what you see not what you feel .
This is just view based on current market trend and pure analysis purpose .
Please consult with your financial advisor before you deploy any real money for trading .
The stock broke the descending channel which is already mentioned in the previous chart and took support around the 50 % of the Fib levels with good volume and rejected .
I have added parallel channel to have a clear view so the stock is still inside the channel . The Support / Demand zones stays the same (800/820/840) where as resistance is at 900-910 / the upper limit of the channel .
Trade what you see not what you feel .
This is just view based on current market trend and pure analysis purpose .
Please consult with your financial advisor before you deploy any real money for trading .
Trade ist aktiv
It took 2 months to come out of the descending channel . Current view is long and price may reach up to the 1k mark . But lot of hurdles ahead .Trade ist aktiv
It reached till 990 . From April to June this quarter was for the Banking sectors and Axis performed well . Now will be looking over to SBIN while keeping an eye on this .
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Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.