This stock is showing some good signs of reversals U-Turn in price action.
1) Fibonacci retracement is healthy up to 50% which is good sign for continuation of bigger trend.
2) Price also came at old Support area.
3) Price got support near 200 DEMA.
4) Relative strength index in daily also reversed from oversold area, Now above 30.
5) In smaller time frame...
AXIS is at a very critical point. Axis is standing at a very strong resistance point in daily as well as weekly charts. Its high on RSI and has shown the price reversal on Friday honouring the resistance point. Check out the charts and get ready to mint some money
SELL Trade Setup :
Sell AXIS if opens below 613 or goes below 610.
SL - 626
TGT - 570, 545,...
