Axis Bank- Careful Below 580 with Rising Trendline

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Prices have been moving in a choppy manner on upside. So, going below 580- AB will fall to the zone of 575-577. Once Target Done. Let it bounce back to the zone 584-585 & start falling back again below 580- to re-enter in the short trade.
Trade active: 12:35 Hrs-IST-24th AUg2016- Axis Bank is flirting around 580 levels so let us wait for clear breakout for time being we shall exit at 580- current levels.
Trade active: 15:35 Hrs- IST- 24th Aug2016-- We exited Axis Bank exactly at the cost price of 580..it jumped up & last traded at 584- forming a box-either side breakout shall show us the market direction- so we should wait for market signals.
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
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