Sunday, January 20, 2019

Axis bank chart analysis

Axis bank was the laggard in private sector banks,Offlate this stock has 
been in bulls list and has seen break from 4 year consolidation triangle.
lets look at its chart ,
Monthly chart

This is monthly chart can see how big triangle consolidation in 4th wave and now breaking out
from it,For 5th wave move.

This chart shows 4th wave consolidation off late the stock is witnessing good volumes ,
Lets see the 5th wave closely.

5th still got lot to do ,We had a deep 2nd wave ,Above 680 move can go explosive ,buying in 
dips is good in this stock for delivery, A 4 year triangle break can give a good upmove .For FNO trade still need a better trade setup as the swings are wild so risk needs to be managed.


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