AXIS BANK LTDLong
Multiple bullish patterns at breakout
Stock is in uptrend for few years with a trendline support from 2016. During COVID crash, bears broke the trendline support. The Bulls energized a V shaped recovery and took the trendline support again.
While the V shaped recovery, the stock formed Inverted head and shoulder and it is at the urge of breakout with the ascending triangle formation.
Patterns :-
Buy above neckline
Target at 1024, 1499
Stoploss at 750
While the V shaped recovery, the stock formed Inverted head and shoulder and it is at the urge of breakout with the ascending triangle formation.
Patterns :-
- Trend support line
- Inverted head and shoulder
- Ascending triangle formation
Buy above neckline
Target at 1024, 1499
Stoploss at 750
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