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KelvinBhavsar
Nov 21, 2023 5:08 PM

Axis Bank: On verge of a multi-year breakout Long

AXIS BANKNSE

Description

Axis Bank is on the verge of a multi-year trendline, which is been followed by it from its inception.
as you can see in the chart and can easily find that, Axis Bank is also a stock that follows Darvas box theory very well.

As per Fibo retracement shows the next level (Target) for Axis as 1500 around.

it can reach there in the next 1-2 quarters. or till the end of the 2023 financial year. (March-2024)
Comments
Bravetotrade
Congratulations and well done for sharing your first idea with the community.
Hope you will be having great experience.
Thanks for your contribution.
From mod @Bravetotrade
KelvinBhavsar
BreakOut is Confirmed on a monthly candle also.
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