thechama3

AXIS BANK MIGHT FACE THE AXE!

Short
NSE:AXISBANK   AXIS BANK
Axis Bank looks weak on the weekly charts post confirmation from RSI and a converging MACD . It could move towards 669/ 650 in the near term with SL of 721. One may sell on rise for a better risk- reward Or take low volume trade.

Note : Should make a low below 681 in the coming week.
Comment: Made a minor low below 681. Not a substantial one. Keeping the position open as SL not reached and making a minor profit. Willing to stay on and take a hit or get to the target.

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