AXIS BANK IS SHOWING SIGNS OF MAKING WXY CORRECTION ON CYCLE DEGREE.WAVE W WITH 3 SUB WAVE ABC HAS TAKEN A FORM OF FLAT WITH 3-3-5 SUB WAVE PATTERN.1:1 TARGET FOR WAVE C(PRIMARY) OF WAVE W(CYCLE) COME @ 680 WHICH HAS BEEN ACHIEVED.
EXPECTING WACE X BOUNCE TO COME IN 3 SUBWAVE ABC HAVING 3-3-3 INTERNAL PATTERN WHICH CAN TAKE PRICE TO 740.FROM THERE ONE MORE LEG ON THE DOWNSIDE WILL START WHICH CAN TAKE PRICE TO 620 ENDING WAVE Y OF WXY PATTERN.
AS OF NOW @CMP 6999 IT IS A BUY WITH A STOP OF 680 AND A TGT OF 738-740.
EXPECTING WACE X BOUNCE TO COME IN 3 SUBWAVE ABC HAVING 3-3-3 INTERNAL PATTERN WHICH CAN TAKE PRICE TO 740.FROM THERE ONE MORE LEG ON THE DOWNSIDE WILL START WHICH CAN TAKE PRICE TO 620 ENDING WAVE Y OF WXY PATTERN.
AS OF NOW @CMP 6999 IT IS A BUY WITH A STOP OF 680 AND A TGT OF 738-740.
Trade closed: stop reached