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AXIS BANK: Peculiar Reversion Or Trend continuation?

Free nse stock axis chart calls

Free nse stock axis chart calls

Axis bank has been in the consolidation phase for more than 15 months. Prices fall rapidly after the crossover of 50 & 200 EMA. We can draw two control lines, which can be helpful for target measurement.

If the price enters into the parallel channel, and after retracement sustains above 680, traders can trade for the following target of 692 – 714 – 752. Demand pressure can lead to the price at the upper band of the parallel channel.

Note that, Failure of sustainability above 680 may lead to a new low. I will update further information for premium subscribers soon.

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Mr.Guru(s) is a team of stock market certified technical and research analysts with over 20 years of experience. They are regular guests on popular online channels and contribute articles to several financial publications. Their insights and advice are respected by investors worldwide. With their collective knowledge and expertise, they have a proven track record of successfully predicting market movements and identifying profitable opportunities.

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  1. I will take a position on this after the confirmation, let’s see how the trade spans out in the coming days

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