BUY : AXISBANK28OCT251240PE( AXISBANK ) [66509]

📈 SWING TRADE ALERT – BUY
🔍 Instrument: AXISBANK28OCT251240PE (AXISBANK) [66509]
📅 Date: 24th October 2025
🧠 By: Manjushri Sharma | Equity Guru MS
📜 SEBI Reg. No.: INH000019497

💡 Trade Setup

🔍 Technical Insight

• Price Action: Option showing accumulation at lower levels; potential bounce expected as AXISBANK faces resistance near ₹1,240 spot.

• VWAP & EMA: Sustaining above intraday VWAP on the 15-min timeframe — short-covering likely.

• Volume Activity: Sudden rise in OI with positive volume divergence signals aggressive put buying.

• Chart Structure: Forming a base near ₹4.50; potential momentum breakout expected towards ₹7.85–₹10.85 zone.

📘 Trading Strategy

✅ Buy Zone: ₹4.70–₹4.90 range
🚫 Stop Loss: ₹1.85 (Strict closing basis)
🎯 Target 1: ₹7.85 → Book partial profits
🎯 Target 2: ₹10.85 → Trail SL to ₹5.80 post T1 hit
🕒 Holding Period: BTST/STBT (1–2 trading sessions)

⚠️ Important Notes

❗ Trade only if AXISBANK spot remains below ₹1,240 levels.
🔄 Avoid new entry if AXISBANK spot sustains above ₹1,245.
🚫 Always use strict SL; avoid over-leveraging in option trades.

🔐 Issued by:
Manjushri Sharma
📈 SEBI Registered Research Analyst
📞 6269562635 | 📧 sharma.manjushri@gmail.com

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