Will AXISBANK survive?

Hi all!!

Good day!

It's sad news that YESBANK bankrupt and the shareholders of YESBANK are in despair state. It's time to think the state of other banks like AxisBank .

With my technical analysis , the Axisbank uptrend breaks as you can clearly see it in my chart. This will ignite major sell off. I'm not here to create panic at any cost. I always want the markets to move in the upward direction which is good for our economy. Meanwhile, I'm just a technical market analyst who posts what I see in the charts.

The prices fall targets are at scary levels:
1. INR 157
2. INR 56

Current Price: 658

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Legal disclaimer:
I am not a financial adviser. The advice here given is not a financial advice even though my excitement might make it look like such. When I say: "Buy/Sell now!" or "Do's and Don'ts" or something like that — it is my personal opinion. I do what I believe is right and at the end of the day I am just a person, not an expert. You trade at your own risk and nobody can guarantee you results. I post because I care.