MTECHTIPS:- AXISBANK:- AXISBANK is in HOLD LONG position Share has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 494.5 with stop at 447.5 The AXISBANK is now trading in highly oversold level. The oscillator is showing BUY signal .The short term buy signal is supported by 88 % indicators.
Intraday trend-Buy is advised only above 494.5 with a stop at 478.8 Below 474.2 go for sell and put stop at 489.9 The intraday signal is BUY and it is supported by 78 % indicators.