aks85

Axis Bank- Symmetrical Triangle Breakout Awaited

NSE:AXISBANK   AXIS BANK
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As seen after a strong downtrend, price has been contracting in a narrow range, making lower highs and higher lows (symmetrical triangle) in the hourly chart . A breakout with volumes either side would be our entry.

Maximum target as per pattern would be 20- 25 points once it gives a breakout.

I will keep this stock in watch list and review it once it gives a breakout.
Comment: skipped the trade. not convinced the breakdown.

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