AXISBANK | Gann Time and Price Analysis

AXISBANK | Gann Time and Price Analysis

  • The stock is trading at an important juncture | Weekly closure near Cube number 729 | Approaching 1st anniversary of 25-Mar-2020 LOW of 286

  • Currently trading near confluence of Cube number 729 and Gann level 724

  • Price broke above Gann 8x1 angle however could not sustain above it | Since 3-Feb-2021, price managed to close below the Gann 8x1 angle resistance baring few trading sessions

  • Bullish possibility : Sustaining above 757 ( Gann 8x1 angle) level, heading towards Gann level 836 by 25th March 2021

  • Bearish possibility : Breakdown below 703 | Support levels : 690 / 677 / 664 / 651 / 638 / 625

Comment: Price closed above Gann 8x1 angle resistance.
Comment: Back to the Cube.
Comment: Approaching 25th March anniversary date.


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