Axis Bank has formed Bullish Bat Harmonic pattern on daily charts which is a sign of reversal. Expect to see upward movement from here as per below price
BUY ABOVE = 740
TARGET = 745 - 750 - 760
SL = 730
Bullish Bat pattern on Daily Chart of Axis Bank. BUY 692-694. Very strong support at 680. If it breaks that important level than it may fall to 660 and then 640 and opposite positions can be initiated accordingly.
I starting learning Harmonics some days ago and just observing currently, how the price action works here and thereby trying to refine on my Target(s)...
Has taken support at the marked band.
Tendency is to bounce up towards targets marked in GREEN.
BUT CANDLE HIGH IS NEAR AROUND 200 EMA on 1 HR TF so need to see if it breaks.
Support lines marked in YELLOW.