Nifty made an All Time High (ATH) of 11810 on April 16, 2018, however Bank Nifty is catching up, it first has to touch its previous high of 30646 levels and then surpass that level to make a ATH.
According to me the ATH in Bank Nifty would soon be conquered at 31070-31100 levels. Its a matter of when and not how.
Well the set up seems to be quite robust,...
Time to make like multi bagger stock. This is great shorting oppurtunity for axis bank compared to other. Guarantee 75 points from the current level. So make your own research and trade smart.
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AXIS Bank has formed a bullish wedge on high level .
Confluences of a double top and wedge both . So short selling expected . It has also formed an inside bar on the hourly.
Can go short below the low of the last candle for a good R:R trade .