From the chart of Axisbank it show that the price has broken the support trend line with the support of good volumes as well as closing below 200sma. technical indicator RSI and MACD is given negative signal. The price is likely to move down where the next area of support is seen around 1042 follow by 980, on higher side for reversal the resistance is seen around 1120-1125.
The market is still steady so the movement in market is at minor level. But now to invest in market is safe, if you will loss money for 1 day then you can easily cover in the next day.
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