M&M AU BANK AXIS BANK Harmonic Analysis

By | January 17, 2024 11:50 pm

M&M

Positional  Traders can use the below mentioned levels

Close below 1588 Target 1521

Intraday Traders can use the below mentioned levels

Buy above 1600 Tgt 1610, 1625 and 1640 SL 1590

Sell below 1588 Tgt 1575, 1560 and 1545 SL 788

AU BANK

Positional  Traders can use the below mentioned levels

Close below 749 Target 708

Intraday Traders can use the below mentioned levels

Buy above 759 Tgt 764, 775 and 782 SL 752

Sell below 749 Tgt 742, 736 and 729  SL 755

 

AXIS BANK

Positional  Traders can use the below mentioned levels

Close below 1066 Target 1039/1024

Intraday Traders can use the below mentioned levels

Buy above 1085 Tgt 1096, 1108 and 1120 SL 1077

Sell below 1075 Tgt 1066, 1055 and 1039 SL 1080

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  • All prices relate to the NSE Spot/Cash Market

  • Calls are based on the previous trading day’s price activity.

  • Intraday call is valid for the next trading session only unless otherwise mentioned.

  • Stop-loss levels are given so that there is a level below/above, which the market will tell us that the call has gone wrong. Stop-loss is an essential risk control mechanism; it should always be there.

  • Book, at least, part profits when the prices reach their targets; if you continue to hold on to positions then use trailing stops to lock in your profits.

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