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

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

Comment:

All targets met.

Comment:

Pardon.

Target 1, 2 and 3 met.