Axis bank had a good consolidation for the past one and half month and it broke out of the zone with a strong bearish sign .
This break down can help in the descending wedge channel that is being formed from 960 levels .
Once the channel is completed , we can get a more view on which side the stock is heading towards with the additional pattern of flag and pole .
If you are planning to long / short suggesting you to avoid till the budget session is completed & for the channel to be completed .
Price levels 800-820-840 acts as crucial support/demand zones as the weekly breakout happened at this price .
This break down can help in the descending wedge channel that is being formed from 960 levels .
Once the channel is completed , we can get a more view on which side the stock is heading towards with the additional pattern of flag and pole .
If you are planning to long / short suggesting you to avoid till the budget session is completed & for the channel to be completed .
Price levels 800-820-840 acts as crucial support/demand zones as the weekly breakout happened at this price .
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.