Technical Analysis of Indian Equities by Nooresh

Axis Bank – 1150 a critical resistance.

Axis Bank

 

 

-> A nice doji formation today indicating momentum reducing.

-> 1150 a previous top and bottom resistance.

-> Risky traders can short on rise with stops of 1150. Dips to 950-850 is possible.

 

Do your own risk management if taking a trading stance. Avoid over leverage

Article by Nooresh Merani

Nooresh has written 2569 articles.

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{ 3 comments… add one }
  • siva September 20, 2013, 14:21

    axis bank hit the stop loss……….. now came down………….

    Reply
  • varun September 20, 2013, 21:59

    saw u on show sintex buy ……… is it a buy and all tell me wads ur view on opto circuits spicejet and sintex

    Reply
    • Nooresh September 23, 2013, 17:49

      Sintex is a hold if u r stuck and hope for some reversal. Opto and Spicejet are better left alone to clean their mess

      Reply

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