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aks85
Dec 1, 2016 3:21 AM

Axis Bank- Symmetrical Triangle Breakout Awaited 

AXIS BANKNSE

Description

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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