1. On 2nd Jul, prices traded in the CPR range for most part of the day. They respected the CPR range very well. 2. Prices are trading in the narrow range, which is abnormal for the Axis bank stock. 3. Tomorrow big move is on the cards for sure. 4. First two candles will give directional bias. 5. If day's CPR is breached then prices will move big in that direction. Disclaimer: This information is for educational purpose.
Axis bank to end operations in UK. Does this news negative for tomorrow?
Pk83084
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@spark142, I think this particular news should not have negative impact. But Banks decision of fund raising didn't go down well with shareholders. That is the reason prices tumbled 2% since then.