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AXISBANK Hammer formation - I Have a bullish view.

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Slight Bullish Harami gives some confidence. This looks interesting because Axis is breathing some fresh air after so many months. If it sustains at this level, I firmly believe that Axis can hit the HHs pretty soon. All because of that YesBank fiasco, I assume.

Nota

YESBANK announcement of new CEO gave such a blow to this.

Nota

This turned out good for Options intraday but not effectively returned profits for Long term investors. With YESBANK on raise again, AXISBANK might take a blow now and then. View is still BULLISH though.

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