AXIS BANK.... STRONG TECHNICALS
Updated
Axis bank chart shows a breakout from a triangle pattern.
I'm not a fan of banking stocks for short-term trades. But, technically this script shows a clear breakout. This script also forms an inverted head and shoulder pattern with a neck line at 800.
760-770 level should act as a support. Long-term investors interested in this stock can start buying and add more when it retraces towards its support level.
Targets for the short term are 820 (all-time high level) followed by 870.
I'm not a fan of banking stocks for short-term trades. But, technically this script shows a clear breakout. This script also forms an inverted head and shoulder pattern with a neck line at 800.
760-770 level should act as a support. Long-term investors interested in this stock can start buying and add more when it retraces towards its support level.
Targets for the short term are 820 (all-time high level) followed by 870.
Trade active
The script reached a high of 819 today. Just one rupee short of our short-term target..
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