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Dec 17, 2020 11:01 AM

Axis Bank Long Opportunity Long

AXIS BANKNSE

Description

Price met a resistance level at 635-640. After facing resistance, it fell to a low of 592, after which it tested the resistance level again and fell to a new higher low of 602. The price now seems to be consolidating at this new higher low. This consolidation 'may' continue tomorrow as well. There is a possibility of a breakout above the trend line to meet the resistance level tomorrow or the next week. So, once the breakout is confirmed, take a long position with the target at the resistance level (635/-).
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