Disclaimer: All the information posted is for education purpose only. Do your due deligence. Also check for liquidity of option before getting into trade, Options should be traded by experienced traders only..
Axis Bank Daily, Hourly & 15 Min Chart

Daily Hourly & 15 min all timeframes showing RSI below 35 indicating more momentum in the downfall.
Axis Bank ATM PE Option RS Chart

ATM PE option indicationg strength on RS chart signalling more fall in Axis Bank
Axis Bank PE Chart

Axis 670 PE above 17.6 is good with SL of 14.5 for 22-30 targets & trail.
Axis Bank 670 CE chart

The CE option chart indicates follow throughs for the selloff and can anticipate further fall in the counter with SL of 28 targets of 18-15-11, and can trail based on further patterns.
Disclaimer: All the information posted is for education purpose only. Do your due deligence. Do your due deligence. Also check for liquidity of option before getting into trade, Options should be traded by experienced traders only..
All details about the analysis presented in the above charts friends! Enjoy!
Dont forget to do your analysis.
You know disclaimer and all that stuff!
Please this post is for education purpose only.
Please share if you find it helpful.
Name : Raghavendra S
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Targets of 18 is done 🙂
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