AXIS BANK LTDLong
Axis Bank: Narrow CPR for big boom on Monday
1. For 2-Jul & 3-Jul, Axis bank's prices were respecting CPR very well. In fact 3-Jul's prices were 100% within CPR range.
2. As I mentioned in my previous Idea, this narrow range is something unusual for Axis bank.
3. On 3-Jul,Bank Nifty was down 100 points as well as other banks were under pressure. Despite this Axis bucked this trend and stays on course.
4. In my personal opinion, on Monday prices should go up as CPR range for the day is extremely narrow.
2. As I mentioned in my previous Idea, this narrow range is something unusual for Axis bank.
3. On 3-Jul,Bank Nifty was down 100 points as well as other banks were under pressure. Despite this Axis bucked this trend and stays on course.
4. In my personal opinion, on Monday prices should go up as CPR range for the day is extremely narrow.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.