AXIS BANK - Swing Trade SetupHi Traders,
We have spotted a divergence in Axis bank daily chart. Price broke the inner trendline yesterday and price is retesting the trendline. If price close below its confirmed breakout and we can sell till price reach TP 1 or can hold till TP 2, its likely to test the outer trendline.
Happy Trading.....
AXB trade ideas
AXISBANK LevelsDaily Weekly
>> 1/12
- Lot of room upside, all time high = 828.80
- in Uptrend lately
- Consolidate in the month of December broke out on Jan 5.
Intraday
>>1/12
- if it takes out 685.10 can move up. good room to fill.
- look out for minor consolidation on hourly basis.
- if drops below 649 which was the retracement(38%) low after the rally up, go short.