Axis Bank Weekly TF Analysis

Current trend:
1) 1) Top of parallel channel
2) Candle Formation - hanging man pattern
3) Took a resistance around 1.236 level of Fib
MACD:
Weakens in histogram along with MACD line crossing over signal line -- Bearish Signal

Support:
if it break 900 level of support (closes below 900 in daily basis) next target around 827 level
Resistance :
Previous high 970 level..

Trade:
once can sell call option above 970 level and put option below 820 level