From the chart, it can be seen that a clear uptrend is being followed by axis bank.it has also broken its main resistance level (764) . Also completed the 4th wave ( correction) of Elliot wave theory. So if global market remains good we can see the stock price moving towards a target of 860.
Entry @ 781 ( or 790) Target = 860 Stop loss = 754 RIsk to reward ratio = 3:1
The above entry is based on my analysis and is for educational purpose only. use your own analysis and other indicators to enter the trade.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.