The stock was in a downtrend and has reversed. Looks very bullish with volumes coming in. The stock has crossed 23.6 Fibonacci ratios on weekly timeframe and heading for a target of 600+ range in the near term. Trade at your own risk.
Over the last 4 days, the stock is in a downtrend. The stock is taking support at the immediate trendline. If the trendline is broken which is 3050, it could test the next support which is 2900. Good for shorting opportunities below 3050 for a profit of 50 points.
Axis Bank looking bearish in short term. The stock has been consolidating and moving in a tight range over the last 7 days. If it breaks its immediate trend line support which is below 480, it could test it 450 levels
