NeeteshJain

Axis Bank - Flag Pattern Breakouts

Short
NeeteshJain Pro+ Updated   
BSE:AXISBANK   AXIS BANK LTD
It is been observed that the price action is been forming flag patterns on daily chart , and successfully breaking out from them and reaching to measured moves targets. It is wonderful to see how nicely it respects breakout. In current scenerio, 514 shall act as crucial support. The price action shall move below and close below 514 levels to further go down.

Target: 494
Stoploss: 550
Trade active: Entire 2.5% initial move up in the morning observed by markets, now it shall start moving down to targets. Sellers in control. Regards
Trade closed: target reached: Target Reached Successfully :)
Trade active: Price action breaks and closes below crucial support levels of 478, now shall reach to 465 levels.
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.