Every few days, I analyse one stock from #nifty50. The last time, it was Reliance. Today, I'm taking a quick look at a stock that I've been talking about for a month—#AxisBank!

Video link at the end of the thread

#niftywithkr

Monthly:

• I find it cool how @Yuvraj2603 makes these channels esp on M charts so went with that, just to show how it's been an uptrend despite some dips.
+ overall trend bullish
+ RSI crossed above 60, and RSI 40's significance is evident.
- Price around the resistance zone
Weekly:

+ RSI 60
+ strong weekly close
- trend-based fib extension resistance
• next hurdle around ATH (marked)
• low volumes
Daily (fib):
• stuck between 61.8% and 78.6% of ATH to recent dip's retracement
+ RSI crossed above 60
+ very strong candle on Friday with high volumes
+ range breakout
- wasn't able to close above the FIB level (might not be that significant though)
Daily (trendline breakout):
• not a strict trendline IMO but illustrative to show how Friday's spike factors into the recent price action
Daily line chart:
+ range breakout, with breakout candle size greater than the range it broke out of!
+ highest close since 25th Feb 2021
- unsure of whether we will see a follow-through or not
That was a quick wrap-up of Axis Bank as I see it. For a slightly deeper dialogue, check out the YouTube video. It's in Hinglish.

And do consider following me, I post a lot more than just these Nifty stocks analyses threads :)

https://t.co/IChRXS3htF

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"I really want to break into Product Management"

make products.

"If only someone would tell me how I can get a startup to notice me."

Make Products.

"I guess it's impossible and I'll never break into the industry."

MAKE PRODUCTS.

Courtesy of @edbrisson's wonderful thread on breaking into comics –
https://t.co/TgNblNSCBj – here is why the same applies to Product Management, too.


There is no better way of learning the craft of product, or proving your potential to employers, than just doing it.

You do not need anybody's permission. We don't have diplomas, nor doctorates. We can barely agree on a single standard of what a Product Manager is supposed to do.

But – there is at least one blindingly obvious industry consensus – a Product Manager makes Products.

And they don't need to be kept at the exact right temperature, given endless resource, or carefully protected in order to do this.

They find their own way.