Axis Bank (Crucial Stage) - May See 545-541-538-520

Oct 24, 2018

Axis Bank has crucial the upper trendline Resistance at 575 and is forming Inverted H&S Pattern which is a bearish Pattern. Can be shorted below 554. SL 563

Please consider following reasons -

1. Trend Line Resistance
2. Negative Divergence on Stocastic
3. Inverted Cup and Handle Pattern

Oct 26, 2018

Note

All targets met.

Oct 26, 2018

Note

Pardon.

Target 1, 2 and 3 met.