AXIS BANK

AXIS BANK


AXIS BANK is trading in sideways for almost 6 Months and forming a kind of Triangle.Stock is making higher lows and being resisted 590 levels. Below chart shows stock also trying to form a small CUP and HANDLE with in formation of Triangle. If stock gives breakout there are chances that stock can see the earlier highs once again at around 650+. So wait for breakout and trade with SL at Lower trend line around 543/544.

Risk Rewards ratio is favorable on one of the strong private banks.