Good short opportunity for axisbank

May 24, 2021

As seen in the chart, this stock had a massive breakout(as predicted by me earlier!! chart of that prediction is linked below). Whenever a stock price goes up, usually it comes down 50% of how much it went up, so i expect this stock price to at least go to the 0.3 Fibonacci level that is 733 and on the maximum reach our weekly support level which is at 730. Also if you see the rsi indicator levels are above the 70 line that is its overbought, hence showing a downward move in upcoming days