AXISBANK - Will the LongTerm trendline survive this correction?
Stock has been following the green line but the bull market seems to have topped at 650 - 680 band. A strong closing above the Red line may take the stock to 840 980 levels.
A consecutive weekly closing below the green line may trigger a huge correction which is not very far off.
Will the stock respect the trend this time? Only time will tell...until then lets wait and see
A consecutive weekly closing below the green line may trigger a huge correction which is not very far off.
Will the stock respect the trend this time? Only time will tell...until then lets wait and see
Comment:
Hold in your portfolio with a stoploss of 640
