Axis Bank- Bang On for the 2 Way Journey from 490-495

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Awesome channel- as thought it will get resistance between 490-495 (Villain Channel as per the updates in below chart)- Vow, it made a high@492.45- Unfortunately, Gave a gap down opening finished its final leg in A-Wave since top@639.

Intraday, we were trying to short with a risk of 2 points, which got hit @491.50 but that's part & parcel of the game. Larger Term - It just opened as expected & even bounced.

So, It was nice 2 way journey- up & down, that's how financial markets move.

What Next?
Likely its heading up in B-Wave- most likely it will be a corrective sequence ABC within that B-Wave

Monthly Move -What Next
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
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