Axis Bank - Will move according to market sentiments
Updated
Axis bank gave a false breakout on 7th July. One who bought on the breakout must not have considered upper trend line resistance(Red).
Today it has given breakdown by breaking short term trend line(blue) and not it has sitting comfortably on support zone.
If tomorrow(15th July) market sentiments are positive then it will surely move upwards to test 430 levels else if nifty trades in red then it will test 400 level and in the coming days it will fall down till long term trend line(gray).
Today it has given breakdown by breaking short term trend line(blue) and not it has sitting comfortably on support zone.
If tomorrow(15th July) market sentiments are positive then it will surely move upwards to test 430 levels else if nifty trades in red then it will test 400 level and in the coming days it will fall down till long term trend line(gray).
Trade closed: target reached
On 15th as per the market sentiments it made high of 443. Today also it has moved up from support zone. I guess its ready for breakout now
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