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
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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