TangoTrader22

Possible inflection point fora bull run

Long
TangoTrader22 Updated   
NSE:AXISBANK   AXIS BANK
On long term charts, axisbank might be completing wave 4....if 490-500 zone holds, we can see a fresh bullish moves beyond All time highs.
Comment: we have a 5 wave sequence (followed by correction) from the lows

Ideally stock should rally from here..My main concern is that the low was formed after 3pm...generally meaningful tops and bottoms are not formed after 3pm
Anyhow, next 2-3 days should tell
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.