AxisBank Technical Analysis - 60min Chart Basis
Updated
Monday Morning AxisBank up movement is there - 610 to 616
After it will down to target 587 to 580 step by step (as per lower timeframe structure)
Reason: now stock is Correction side 4th wave
it has to make reverse to 5th wave so stock should reach previous high point or reach 1 st wave retrace level
then it gets lower high and lower low to target step by step (build by lower timeframe structure)
it takes some days to reach target
So Becare Friends
After it will down to target 587 to 580 step by step (as per lower timeframe structure)
Reason: now stock is Correction side 4th wave
it has to make reverse to 5th wave so stock should reach previous high point or reach 1 st wave retrace level
then it gets lower high and lower low to target step by step (build by lower timeframe structure)
it takes some days to reach target
So Becare Friends
Note
Target Reached
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