Nifty_Club_India
Long

Axis Bank_Symmetric Triangle Breakout

NSE:AXISBANK   AXIS BANK
Axis Bank has breakout Symmetric Triangle formation-

This consolidation formation is usually a Continuation formation where previous trend will continue after the breakout, so in axis bank we see a Big uptrend coming in weeks to come.
Investments Targets
As Axis bank has spend 3.5 years in this formation from Feb'15 till Aug'18, so we expect a Re-rating of the stock with much bigger levels of 900+ in Few months to 1 year.

Trading Targets
One can also buy the stock with SL of 638 and a Target of 675 in few days.

Comments

Axis bank moving fast
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