merushi22

AXIS BANK : Is it time for a long..?

Long
NSE:AXISBANK   AXIS BANK
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After continuous 7 week fall stock find support near fibonacci price cluster between (463-478). RSI is also showing positive move from its 40 level. If we look at daily chart we can find some more positive movement which shows its time to long i.e from last two days price is trading above 200DMA, crossover of 13*5 MA and price shifted its pattern from lower low lower high to higher higher low. If this FIB cluster support is important then one can look for big targets like trgt1 570 trgt2 630.