Axis Bank had been on a good bull run tracing a rising channel. Strength in bulls looks to have lost steam where it couldn't make new highs.
Right now, looking at the chart we could identify a Double top pattern with neck level at 760. Yesterday's close below the neck level has confirmed the pattern and it would be right to take bear bias. However do look for a...
W.R.T the current global markets' performance which is on a massive downtrend with DJI losing 650 points and more than a 1000 points last week, there will be a significant effect on Indian markets on 26th Dec to 1st week of Jan 2019. Demand Index prophesize the next movement, but not the next day's movement. So, please DYOR
