axis bank looks bullish in short to medium term
in daily, price broke out with good volume, after consolidating in a horizontal channel, also BB is expanding.
in weekly, after a BB squeeze, price closed above upper BB, and BB is https://expanding.https://in.tradingview.com/x/fxIlBukX/
Also it broke the resistance zone after a long https://consolidation.https://in.tradingview.com/x/RXizbYav/
with a sl - 492, 1st tgt - 565, 2nd tgt - 610.
in weekly, after a BB squeeze, price closed above upper BB, and BB is https://expanding.https://in.tradingview.com/x/fxIlBukX/
Also it broke the resistance zone after a long https://consolidation.https://in.tradingview.com/x/RXizbYav/
with a sl - 492, 1st tgt - 565, 2nd tgt - 610.
Trade closed manually
it was a false breakout , and price couldn't sustain above channel resistance.
Disclaimer
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.
Disclaimer
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.