AXIS Bank and Dow Jones Technical View

By | September 7, 2010

Dow Jones Technical View

Dow Zones has been showing some good moves in previous 3 trading sessions and now Dow is on its major resistancr level of 200 DMA at 10470 levels as mentioned in charts.

RSI is in Buy Zone and MACD also showing positive mometum but we need volume to cross the significant ressitance.

If DOW is able to cross 10500 for 2-3 trading sessions we can see new highs on Dow

S&P should cross and sustain above 1100


AXIS is moving in a channel and currently is moving on its upper band of channel .

Stock can be traded 2 ways

Buy above 1410 TGT  1423,1439

Short Below 1380 tgt 1364 and 1351

3 thoughts on “AXIS Bank and Dow Jones Technical View

  1. marketsinandout

    I guess everybody are waiting for the fall which might not come easily before Dow hits 10850, when last bear has turned into bull, visit my blog for Dow updates

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