Axis Bank Trend Reversal in the Offing

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.
Comment: Stock showing some strength. I would still wait for further confirmation before initiating fresh positions. Current levels are acting as good resistance.
Trade active: There is great deal of volatility on this stock. I expect an upward move from this point. Buy at near lows tomorrow
Trade active: Great move today and I expect this momentum to continue next few sessions


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