NSE: AXIS BANK Possible Breakout above 678
Pullback from 534 on Oct 26 continue
Attempted to touch high of Sept 10 @677.
Price action from Oct 26 to Jan 18, formed triangle like pattern
Looking for break out with 1 year up trend
Possible buy at current level or above 678 close with stop loss 600
Targets insight 678, 706, 738, 771, 797 subjected to breakout above respective levels.
Momentum and trend looks positive.
Use Stop loss and trail stop loss
Pullback from 534 on Oct 26 continue
Attempted to touch high of Sept 10 @677.
Price action from Oct 26 to Jan 18, formed triangle like pattern
Looking for break out with 1 year up trend
Possible buy at current level or above 678 close with stop loss 600
Targets insight 678, 706, 738, 771, 797 subjected to breakout above respective levels.
Momentum and trend looks positive.
Use Stop loss and trail stop loss
Trade active:
Hit 677 and corrected. Still active
Trade active:
Hit 703 and above 678. Still active
Trade active:
Crossed Second Target and move on with good volume
Trade closed: target reached:
Hit 703 and ,made high for 724. book profit or trail stop loss. gain 70 points