Axisbank has broken -out from falling wedge,which will lead price to upwards.
Entry = 759.5
tgt1 = 764
tgt2 = 769
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Let me tell you the reason to short it !!
Reason 1- There is Double top formation.
Reason 2 - it already broke a weekly trend line.
Reason 3- MACD has already shown a sell signal.
My analysis is only for study purpose, please don't take them as a piece of trading advice. I could be wrong but make sure to improve myself and show a better result.