A rising wedge is forming in SBIN from the last two months. Clear rejection can be seen at the upper and lower trendlines
Chaikin money flow also supports the idea
Once the stock breaks below the lower trendline, short the stock
Target - 171
Stop loss - 215
Axis Bank has formed an ascending triangle pattern with major resistance at 458-460.
We can see rejection at the resistance for two times.
Once the stock breaks above the resistance, wait for the retest at the support levels to take a position
Target - 485-490
Take small but consistent profits to earn gains!
