AXIS BANK IS SHOOTING UP FROM LAST 10 DAYS AND ITS OVERBOUGHT. ITS RSI IS ALSO GETING WEAKER. FRESH BUY CAN TAKE PLACE ONLY WHEN THIS STOCK CORRECTS. 614 IS A MAJOR RESISTANCE OF AXIS BANK. P.S - THIS ANALYSIS IS ONLY FOR EDUCATION PURPOSE ONLY.
AS NIFTY IS OVERSOLD AND ITS ALSO HOVERING IN THE PATTERN ABOVE.A CORRECTING MOVE CAN HIT NIFTY ANYTIME.
BAJAJ FINSERV IS FORMING FALLING WEDGE PATTERN AND HAS ALSO DONE AN HEALTHY RETRACEMENT . ON MONDAY IT MAY GIVE BREAKOUT AND TOUCH 5700.
AS WE CAN SEE BOSCH IS FALLING BUT ITS RSI IS MOVING UP. IT MAY GIVE REVERSAL ANYTIME! AND CAN TOUCH 15000