Axis Bank Trend Reversal in the Offing

Dec 16, 2016

Axis bank is excitingly poised for a trend reversal. This could happen at the 360 support levels or earlier. The stock is currently showing a bullish engulfing pattern on weekly chart. This stock has been range bound between 360 and 640 over the past 30 months. Will update once major indicators confirm trend reversals.

Dec 29, 2016

Note

Stock showing some strength. I would still wait for further confirmation before initiating fresh positions. Current levels are acting as good resistance.

Jan 12, 2017

Trade active

There is great deal of volatility on this stock. I expect an upward move from this point. Buy at near lows tomorrow

Jan 13, 2017

Trade active

Great move today and I expect this momentum to continue next few sessions