MTECHTIPS:- AXISBANK:- AXISBANK is moving down Currently AXISBANK is in HOLD SHORT position The share is in downtrend For short term buy only if close above 493.0 Selling pressure seems to be deceasing so Short term investor with risk aptitude can enter again if it close above 526.1 but caution- close Below low5 fresh selling can occur The AXISBANK is now trading in highly oversold level. The oscillator is showing SELL signal.The short term sell signal is supported by 88 % indicators.
Intraday trend-Buy is advised above 465.1 with a stop at 457.5 Below 455.5 go for sell The intraday signal is SELL and it is supported by 73 % indicators.